US inflation rose in April, driven by higher oil prices amid the US-Iran trade war, according to data from the Bureau of Labor Statistics.
The annual Consumer Price Index (CPI) climbed to its highest level since September 2023, fueled by a 17.9% increase in energy prices during April, with gasoline prices surging 28.4% year-on-year (YoY).
CPI – April 2026 (%)
Index
Forecasts
March
April
Change
Annual Core CPI
2.7
2.6
2.8
+0.2
Monthly Core CPI
0.3
0.2
0.4
+0.2
Annual Headline CPI
3.7
3.3
3.8
+0.5
Monthly Headline CPI
0.6
0.9
0.6
(0.3)
Importance: This data could push the Federal Reserve to hold interest rates high for a longer period, given the repercussions of the war and rising energy prices, which could increase pressure on the US economy.
US inflation rose in April, driven by higher oil prices amid the US-Iran trade war, according to data from the Bureau of Labor Statistics.
The annual Consumer Price Index (CPI) climbed to its highest level since September 2023, fueled by a 17.9% increase in energy prices during April, with gasoline prices surging 28.4% year-on-year (YoY).
CPI – April 2026 (%)
Index
Forecasts
March
April
Change
Annual Core CPI
2.7
2.6
2.8
+0.2
Monthly Core CPI
0.3
0.2
0.4
+0.2
Annual Headline CPI
3.7
3.3
3.8
+0.5
Monthly Headline CPI
0.6
0.9
0.6
(0.3)
Importance: This data could push the Federal Reserve to hold interest rates high for a longer period, given the repercussions of the war and rising energy prices, which could increase pressure on the US economy.
