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Reading: Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years
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gas-prices-lift-us-inflation-to-3.8-percent,-the-highest-level-in-nearly-3-years
Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years

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

Last updated: May 12, 2026 7:48 pm
By Andrew Moran
0 Min Read
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Gas Prices Lift US Inflation to 3.8 Percent, the Highest Level in Nearly 3 Years

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.

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TAGGED:BusinessEconomyInflation
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