U.S. inflation gauge rises to highest level since May 2023 as Iran war pressures energy costs
The Personal Consumption Expenditures price index rose 3.8% in April from a year earlier, according to the supplied report. The move lifted the Federal Reserve's preferred inflation gauge to its highest level since May 2023. The article links the increase to the Iran war and related energy pressures, making the data point a fresh market-moving signal for the U.S. economy.The confirmed figure is for April and compares with the same month a year earlier. No additional breakdown was provided in the supplied material, but the report says the rise was associated with the war in Iran. That places the inflation... [Continue Reading]
360LiveNews | 28 May 2026 14:01 LONDON
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