Inflation Soared to 3.8% in April

Wall Street Journal: “Consumer prices rose 3.8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran.”

“The figures, reported Tuesday by the Labor Department, surpassed the previous month’s reported increase of 3.3%. Economists polled by The Wall Street Journal had expected inflation of 3.7%.”

Washington Post: Iran war pushed inflation to highest rate in nearly three years.