THE NEW YORK TIMES: The Consumer Price Index rose 3.8 percent in April from a year earlier, as increasing energy costs replaced tariffs as the driver of higher prices for Americans.
Consumer prices in the United States rose last month at the fastest rate since May 2023, as sharp increases in energy costs caused by war in the Middle East made life more expensive for American consumers.
The Consumer Price Index rose 3.8 percent in April from a year earlier, the Labor Department reported on Tuesday, up from a 2.4 percent annual increase before the conflict started in February and a 3.3 percent increase in March.
The increase was driven largely by energy prices, up 3.8 percent since the previous month. But the “core” index, stripping out volatile food and energy prices, also rose 2.8 percent over the year in April, up from 2.6 percent in March. Live Updates » | Lydia DePillis | Tuesday, May 12, 2026