U.S. Inflation Runs Hot in April as Gas and Housing Prices Drive CPI Higher. - AhBlickLive

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U.S. Inflation Runs Hot in April as Gas and Housing Prices Drive CPI Higher.

Gas Prices Inflation Surge

Cost Of Living Crisis

May 13th,

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U.S. consumer prices rose 0.6% in April, while core CPI climbed 0.4%, both coming in hotter than expected. Annual inflation rose to 3.8%, with core CPI reaching 2.8%.⁠ ⁠Rising gasoline prices were a major driver behind the increase, with energy accounting for more than 40% of the monthly jump in inflation.⁠ ⁠Housing costs also remained elevated, while airfares jumped 20.7% year-over-year amid higher jet fuel costs.