The Iran war is hitting home as gasoline prices fuel inflation surge of 3. 8 % in the US
· KRGV (NBC 5)
U.S. consumer prices surged by 3.8% in April, the largest increase in three years, largely driven by rising gasoline costs amid the ongoing conflict with Iran. The Labor Department reported that gasoline prices rose 5.4% from March, contributing to a 28% increase compared to last year. While core consumer prices, excluding food and energy, rose modestly by 0.4%, inflation continues to strain American households, with average hourly wages dropping 0.3% year-over-year. The economic impact of the war has led to concerns about affordability, especially as voters prepare for the upcoming elections on November 3.
AI summary · Source: KRGV (NBC 5) →
