Inflation jumps to 3-year high, CPI shows, and that’s not the end of it

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The U.S. inflation rate has jumped to a three-year high of 3.8% in April, driven primarily by rising gas prices, and it is poised to impact consumers further. Experts warn that this inflationary trend is likely to persist, indicating broader economic challenges.

The U.S. inflation rate leaped to a nearly three-year high of 3.8% in April because of higher gas prices — and the pain for consumers isn’t going away soon.