{"id":1176,"date":"2026-05-12T17:09:44","date_gmt":"2026-05-12T17:09:44","guid":{"rendered":"https:\/\/houstonmovingjournal.com\/?p=1176"},"modified":"2026-05-12T17:09:44","modified_gmt":"2026-05-12T17:09:44","slug":"cpi-report-april-inflation-jumped-at-fastest-rate-in-three-years-3","status":"publish","type":"post","link":"https:\/\/houstonmovingjournal.com\/?p=1176","title":{"rendered":"CPI report: April inflation jumped at fastest rate in three years"},"content":{"rendered":"<div> <!-- --> <!-- --><p>The Labor Department released its Consumer Price Index report Tuesday, showing prices for Americans continued to increase last month as the war with Iran continues.\u00a0<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=1175\">6 people, including 14-year-old, found dead in Laredo train car likely killed by Texas heat<\/a><\/p> <p>Energy costs, including gasoline, increased last month, as did the cost of food at a rate not seen since last December.\u00a0<\/p> <!-- --><h2>Consumer price index<\/h2> <!-- --><div><\/div> <!-- --><div> <iframe allowfullscreen=\"allowfullscreen\" data-v-57eb5ac0=\"\" frameborder=\"0\" scrolling=\"no\" src=\"https:\/\/e.infogram.com\/E06d7aa1-8c79-4db8-a679-2c0667a6ee37?src=embed\" title=\"\" width=\"100%\"><\/iframe> <!-- --><\/div> <!-- --><p>Big picture view:<\/p> <!-- --><p>Rising gas prices\u00a0helpedpush inflation up in April in the biggest year-over-year increase since May 2023,\u00a0<u>according to the U.S. Bureau of Labor Statistics\u2019 data<\/u>.\u00a0\u00a0<\/p> <!-- --><p>By the numbers:<\/p> <!-- --><p>Consumer prices were up 3.8% last month compared to April 2025.\u00a0<\/p> <!-- --><p>Compared to the month prior, March 2026, consumer prices jumped 0.6%.\u00a0<\/p> <!-- --><p>The backstory:<\/p> <!-- --><p>Before the war in Iran, inflation had been dropping more or less steadily since peaking with a 9.1% year-over-year spike in prices in June 2022, a surge caused by supply chain bottlenecks at the end of COVID-19 lockdowns and an energy price shock following the Russian invasion of Ukraine.\u00a0<\/p> <!-- --><p><strong>RELATED:\u00a0<\/strong><strong><u>Map: How much are federal, state gas taxes?<\/u><\/strong><\/p> <!-- --><h2>Gas prices<\/h2> <!-- --><div>\n<figure class=\"wp-block-image size-medium_large\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"wp-image-1104\" height=\"432\" src=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/4be9c2b93abd0bbc287e519d0ef9414d-768x432.webp\" width=\"768\" srcset=\"https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/4be9c2b93abd0bbc287e519d0ef9414d-768x432.webp 768w, https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/4be9c2b93abd0bbc287e519d0ef9414d-300x169.webp 300w, https:\/\/houstonmovingjournal.com\/wp-content\/uploads\/2026\/05\/4be9c2b93abd0bbc287e519d0ef9414d.webp 932w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n <div><p><span>High gas prices are displayed at a Shell gas station on May 11, 2026 in Burbank, California. (Photo by Mario Tama\/Getty Images)<\/span> <!-- --><\/p> <!-- --><\/div><\/div> <!-- --><p>Dig deeper:<\/p> <!-- --><p>Labor Department figures showed that gasoline prices are up more than 28% compared to a year ago.\u00a0<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=1174\">Texas man sentenced to 30 years for third federal child pornography conviction<\/a><\/p> <!-- --><p>By the numbers:<\/p> <!-- --><p>AAA says the average gallon of gasoline costs motorists more than $4.50 a gallon, about 44% more than it cost last year at this time.<\/p> <!-- --><p>The other side:<\/p> <!-- --><p>Excluding volatile food and energy costs, so-called consumer core prices rose 0.4% last month from March and 2.8% from April 2025. The Associated Press reported the relatively modest readings could suggest the high energy costs from the war aren\u2019t spilling over much yet into other prices.<\/p> <!-- --><p><strong>RELATED:\u00a0<\/strong><strong><u>US restaurant sales fall as Iran war drives up gas prices<\/u><\/strong><\/p> <!-- --><h2>Food costs<\/h2> <!-- --><p>Dig deeper:<\/p> <!-- --><p>Grocery prices rose 0.7% from March to April, as meat prices rose, after falling slightly the month before.<\/p> <!-- --><h2>War in Iran<\/h2> <!-- --><p>Meanwhile:<\/p> <!-- --><p>President Donald Trump\u00a0<u>said last month<\/u> that gas prices may remain elevated before the midterm elections in November. The national average for gas in the U.S. was slightly over $4 a gallon at the time of his interview.\u00a0<\/p> <!-- --><p>What&#8217;s next:<\/p> <!-- --><p>A big question for now is how long the oil and gas price shock lasts and whether it will lead to a broader, long-lasting inflation boost, similar to what occurred in the spring of 2022 after Russia invaded Ukraine.<\/p><p>Read more <a href=\"https:\/\/houstonmovingjournal.com\/?p=1171\">Bernie Sanders to headline Texas Democratic Convention<\/a><\/p> <!-- --> <!-- --> <!-- --> <\/div>","protected":false},"excerpt":{"rendered":"<p>As the war in Iran carries on, prices rose for Americans in April at the fastest rate since May 2023.<\/p>\n","protected":false},"author":1,"featured_media":1103,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,22,19],"tags":[],"class_list":["post-1176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-iran-war","category-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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