US inflation rose at fastest pace in three years in April as Iran war hikes up prices
US inflation surged in April, marking the fastest increase in three years, primarily due to rising energy prices linked to the ongoing war with Iran. This inflationary pressure is impacting household incomes and consumer spending, leading to growing dissatisfaction with President Trump's economic management. As inflation continues to rise, it poses challenges for the Republican party ahead of the midterm elections.
- ▪US inflation rose 3.8% year-on-year in April, the largest increase since May 2023.
- ▪Household disposable income has decreased for three consecutive months, affecting consumer spending.
- ▪The national average retail gasoline price increased by 12.3% in April, with prices rising over 50% since the war began.
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Shoppers browse fruit at a store in the Chinatown district of San Francisco, California, on 13 May 2026. Photograph: David Paul Morris/Bloomberg via Getty ImagesView image in fullscreenShoppers browse fruit at a store in the Chinatown district of San Francisco, California, on 13 May 2026. Photograph: David Paul Morris/Bloomberg via Getty ImagesUS economyUS inflation rose at fastest pace in three years in April as Iran war hikes up pricesAmericans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsGuardian staff and agenciesThu 28 May 2026 12.06 EDTLast modified on Thu 28 May 2026 12.19 EDTSharePrefer the Guardian on GoogleUS inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with…
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