Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years

Shelter inflation also contributes to the higher-than-expected reading.

A man uses a gas station in Columbia, Md., on May 17, 2023. Madalina Vasiliu/The Epoch Times

Consumer prices accelerated for the second straight month in April as the war in Iran added to renewed inflationary pressures.

The annual inflation rate rose to 3.8 percent, from 3.3 percent in March, according to new Bureau of Labor Statistics data released on May 12.