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News Wire / economy

US Inflation Continues To Worsen

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Inflation in the United States continues to worsen, with the April consumer price index showing an unexpectedly large jump. Gas prices are specifically mentioned as being hard hit. Inflation in Detroit reached 3.8% year-over-year in April, primarily due to rising gas prices. Higher costs for food and rent also contributed.

Topics

inflation US economy consumer prices

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Sources · 7 independent

WWJ Detroit

“Inflation of 3.8% and April year over year, mostly on skyrocketing prices at the gas pump, but also higher cost for food and rent.”

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