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News Wire / economy

US Inflation Rate Hits 8% Annually

developing KRLD Dallas Dallas 2h33m Impact 8
Consumer prices in the US accelerated in April, largely driven by higher gas prices. Food economists estimate it will take approximately six months for the effects of the Iran war to impact grocery prices. Treasury yields are rising across the curve. Effects from the Iran war are expected to be felt in grocery prices. The exact annual rate was not specified in this report. The Trump administration is considering suspending the gas tax. The Federal Reserve is expected to consider this data in its upcoming monetary policy decisions. Consumers are facing higher costs for everyday goods as companies pass on expenses. Average diesel prices are even higher than gasoline. This figure represents the highest rate in some time, driven by costs in healthcare, gasoline, housing, and groceries. Data analysis indicates price increases have contributed to this rate.

Topics

inflation interest rates monetary policy

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Sources · 7 independent

KRLD Dallas

“rates. But man , you don't cut interest rates. But inflation is going up because it just, it accelerates the inflation.”

CBC Radio One

“U.S. Inflation saw a pretty sharp increase last month. The sharp est increase month to month in the last three years.”

ABC NewsRadio AU

“there's still high spending in the near term, which will make the R BA's job to bring down inflation harder.”

CBC Radio One

“U.S. Inflation saw a pretty sharp increase.”

CBC Radio One

“years of progress on inflation now because of the energy price shock and the closure of the state of Illinois .”

KDKA 1020 Pittsburgh

“The big story today in Flation which accelerated in April mostly at the gas pump, but also food and rents were higher too Consumer prices last month up 3.8%”

NBC News Radio

“US Inflation Jumps To 3.8% In One Month”

1010 WINS NYC

“US Inflation Rises, Consumer Confidence Drops”

KNX Los Angeles

“The big story today in inflation, which accelerated in April”

Bloomberg Radio

“Consumer prices jumped in April led by higher energy prices”

NPR

“US Inflation Rises, Consumer Confidence Drops”

WBUR Boston

“City, California, I'm Dwayne Brown. Inflation hit a tious level in thr...”

WAMU 88.5 DC

“hot war sent U.S. energy food and housing costs weigh up. The consumer price index rose to 3.8% in April the highest jump for inflation since 2023 has the war.”

KQED FM

“Inflation hit its highest level in three years”

WBAL Baltimore

“which accelerated an April mostly at the gas pump but also food and reds were higher too. Consumer prices last month, up 3.8% year over year, that's the fastest pace in 3 years.”

KYW Newsradio 1060

“for a gallon of gas and 24.4 cents for diesel was suspended, Patrick De Haan with Gas Buddy says the relief would come quickly.”

WBBM Newsradio 780

“National Average Regal in a gas is top 450 a gallon and of course past $5 in Chicago a lot of drivers are crossing state lines to save a few.”

WTOP Washington DC

“clip than inflation. And so, you know, that was true in a...”

WTOP Washington DC

“clip than inflation. And so, you know, that was true in a... with $4.5 or $6 in the less cost, they feel that pain and they just feel like they're stuck.”

CNA938 Singapore

“Infl ation figures from the U.S. Just out. Prices in April rose % on year, on the back of higher gasoline prices. Core inflation is”

KNX Los Angeles

“gas. Officials say no oil leaked into the ocean. I'm Steve Gregory, KNX News, 1070 AM”

KNX Los Angeles

“your money now, and it's Bloomberg . Tom Busby . Inflation up 8% in April year over year, mostly on”

KNX Los Angeles

“Busby . Inflation up 8% in April year over year, mostly on skyrocketing prices at the gas pump, but also higher costs for food and rent. With”

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