Inflation Rises To 3.8%, Driven By Energy Prices

By Andrew Rice | The Center Square(Worthy News) – Inflation increased 0.6% in April, with an overall rate of 3.8% over the last 12 months, according to new data from the U.S. Bureau of Labor Statistics. The energy industry remained a key driver of the inflation increase, rising by 3.8% in April. Energy prices were responsible for more than 40% of the overall monthly item increase, largely due to gas prices. Uncertainty over the global oil supply after U.S. strikes in Iran, leaving the Stra