Inflation Approached 3-Year High In April As Energy Prices Soared

BreakingBusinessInflation Approached 3-Year High In April As Energy Prices SoaredByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 12, 2026, 08:40am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineInflation rose steadily in April as soaring energy prices once again ballooned consumer prices, according to federal data released Friday, the latest report showcasing the economic pressures of the Iran war on Americans. Higher inflation has persisted as rising prices pressure consumers.Getty ImagesKey FactsConsumer prices rose 3.8% from April 2025 and 0.6% between March and April, the Bureau of Labor Statistics reported, exceeding consensus analyst estimates of an annual 3.7% increase.That’s the highest annual growth rate since May 2023 (4%).This is a developing story.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & PermissionsLOADING VIDEO PLAYER...FORBES’ FEATURED Video