Consumer Prices Jump 0.8 Percent in April as Worries Escalate

Consumer Prices Jump 0.8 Percent in April as Worries Escalate
A shopper browses toys at a Target store in King of Prussia, Pa., on Nov. 20, 2020. Mark Makela/Reuters
The Associated Press
Updated:

WASHINGTON—U.S. consumer prices surged 0.8 percent in April, pushing the rise in inflation over the past year to the fastest rate in more than a decade, an acceleration that has stirred rising worries about its effect on the economy.

The Labor Department reported Wednesday that the price consumers pay for their purchases of everything from food and clothes to new cars rose at a faster pace than last month’s 0.6 percent rise.