May 13, 2026 9:49 AM
US annual consumer inflation posts largest gain in three years as prices increase broadly
U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November's midterm elections. The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in the costs of energy products amid the U.S.-Israeli war with Iran. Food prices surged last month and inflation also spilled over to the services ...