Inflation Rose to 3.8% in April: Prices Increased for Numerous Items
· Telemundo McAllen (KTLM)
In April, inflation rose to 3.8%, the highest level in three years, driven by increasing gasoline and food prices, according to the Department of Commerce. This marks an increase from 3.5% in March and is significantly above the Federal Reserve's 2% target. Monthly prices increased by 0.4%, a slowdown from March's 0.7% rise. Core inflation, excluding food and energy, reached 3.3%. Consumer incomes remained unchanged in April, but when adjusted for inflation, they actually fell by 0.1%. The persistent inflation may pose challenges for Republicans in the upcoming midterm elections.
AI summary · Source: Telemundo McAllen (KTLM) →
