Inflation hits highest level in nearly 3 years, Fed’s preferred gauge shows
A worker stacks groceries at a store in Brooklyn on May 12, 2026, in New York City. The rise in fuel, food, and other essentials for millions of Americans comes as the war with Iran continues to be a drag on both the domestic and international economy. (Photo by Spencer Platt/Getty Images) (WASHINGTON) -- Inflation jumped for a second consecutive month in April as the Iran war drove up gasoline prices and strained […]