US inflation hits 3.8% in April, highest in three years, pressuring Americans and Republicans ahead of midterms
By
Christopher Rugaber, Paul Wiseman
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Summary
Inflation in the U.S. accelerated to 3.8% in April, the highest level in three years, driven by rising gas and food prices. The data creates political challenges for President Trump and congressional Republicans ahead of midterm elections, as Americans face increased financial strain. Monthly price increases slowed to 0.4% from March's 0.7%, but persistent inflation across multiple categories suggests the problem may continue.
Key quotes
· 3 pulledA key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.
Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May 2023.
The report showed that prices have risen for many items in addition to gas, a sign inflation could persist and pose problems for congressional Republicans in this year's midterm elections.
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