"Gas Prices Fuel Inflation Surge: April Sees Highest Rate in Almost Three Years. The US economy is feeling the pinch of rising gasoline prices, as inflation soared to a 2.5-year high in April. The Consumer Price Index (CPI) jumped 3.8% from the same time last year, driven largely by a sharp increase in fuel prices. With gasoline prices continuing to climb, economists are warning of potential long-term consequences for consumers and the overall economy."
Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
