Inflation rises to 3.8% as energy prices push April up 0.6%
The U.S. Bureau of Labor Statistics reports a 0.6% monthly rise in April and a 3.8% increase over the past year, led by higher energy costs.
Inflation increased 0.6% in April, bringing the 12‑month inflation rate to 3.8%, the U.S. Bureau of Labor Statistics reported. The rise was driven by higher energy prices.