Inflation rose 3.8% in April, highest level since 2023

Inflation accelerated in April to an annual rate of 3.8%, the highest since 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March , according to a FactSet poll. The CPI, a basket of goods and services typically purchased by consumers, tracks price changes over time. …