Inflation in the United States climbed to its highest level in three years in April, as the ongoing U.S.-Israeli war with Iran continued to push gasoline prices sharply higher, according to new government data released Tuesday.
The latest figures from the U.S. Bureau of Labor Statistics showed consumer prices rose 3.8% in April compared to a year earlier, up from an annual inflation rate of 3.3% recorded in March. The increase marked the second consecutive monthly rise in inflation and matched economists’ expectations.
Analysts said soaring energy costs, particularly fuel prices linked to escalating tensions in the Middle East, were a major factor behind the renewed inflation surge.
Speaking to reporters before departing for a high-stakes visit to China, Donald Trump was asked whether concerns over Americans’ financial struggles were motivating efforts to reach a deal with Iran.
“I don’t think about Americans’ financial situation,” Trump said. “The most important thing, by far, is Iran cannot have a nuclear weapon.”
He added, “Every American understands.”
The remarks come as rising inflation continues to increase pressure on American households, with higher fuel and consumer prices affecting everyday living costs across the country.
