US Annual Inflation Hits 3.8 Percent in April Report
US consumer prices rose 0.6 percent in April, lifting annual inflation to 3.8 percent. The data suggests the Federal Reserve will keep interest rates steady.
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The United States reported consumer prices rose 0.6% in April, pushing the annual inflation rate to 3.8%—the largest annual increase since May 2023. This marks the second straight month of brisk price gains following a 0.9% surge in March. Persistent inflation escalates political risk for President Donald Trump ahead of November's midterm elections.
