The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday from the nation's top economists. Consumer price inflation is projected to hit 6% for ...

Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March, according to a FactSet poll. The CPI, a basket of goods and services typically purchased by ...

The global oil supply shock stemming from the Iran war is scorching U.S. motorists and other consumers, new federal data makes clear. Higher energy prices accounted for 40% of the total jump in ...

Inflation in the United States reached its highest level in three years in April, according to the Bureau of Labor Statistics (BLS). And many Americans are feeling the pinch: In a Pew Research Center ...

The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase. Energy was at the root of ...

For the first time in three years, Americans’ wages are no longer outpacing inflation. Prices rose 0.6% on a monthly basis, driving the annual rate to 3.8%, the highest since May 2023, according to ...

After newly released Consumer Price Index figures showed that the year-over-year inflation rate was 3.8% in April, the highest in nearly three years, President Donald Trump tried to reassure Americans ...

The war in Iran is driving a sharp increase in inflation, as surging gasoline prices ripple through the American economy, dealing a blow to a White House that has staked its economic credibility on ...

Inflation surged to 3.8% in April, its highest level in nearly three years, according to data released Tuesday, as the war in Iran causes a ripple effect across the economy and energy prices surge.

Inflation rose 3.8% over 12 months in April, the highest since May 2023 and in line with forecasts. The Iran war has sent gas prices soaring, pushing up the overall inflation rate. "Core" inflation ...

The Bureau of Labor Statistics reported that the Consumer Price Index increased 3.8% in April from year-ago levels after increasing 3.3% in March. Year-over-year core CPI (which excludes volatile food ...

Americans already struggling with affordability saw prices rise again in April, as surging oil costs stemming from the Iran war kept driving up prices at the gas pump and impacted supply chains for ...