U.S. Inflation Surges to 3.8% in April, Highest Since May 2023, as Energy Costs Soar

Inflation in the United States accelerated in April, with the Consumer Price Index climbing 0.6% month-over-month, according to the Bureau of Labor Statistics. The year-over-year increase of 3.8% marked the steepest rise since May 2023, underscoring persistent price pressures across the economy. A major driver of the surge was energy costs, which jumped 3.8% from […] The post U.S. Inflation Surges to 3.8% in April, Highest Since May 2023, as Energy Costs Soar appeared first on the deep dive.