US inflation hits 3-year high of 3.8% in April amid rising gas, food prices
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday (May 28), up from 3.5% in March and the highest…
