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US Inflation Hits 3-Year High: 3.8%

US inflation hit 3.8% in April, a three-year high, driven by rising energy costs and geopolitical tensions.

Sarah Johnson
BySarah Johnson- Senior Editor
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US Inflation Hits 3-Year High: 3.8%
Photo: Prepared by Bond.az

US inflation reached 3.8% in April, the highest level in nearly three years.

According to the US Department of Labor, monthly prices rose 0.6%. Energy prices surged 3.8%, with gasoline up 5.4%.

The IMF warns that regional military operations could lead to global price increases.

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