Data released on Tuesday showed that the US Department of Labor’s consumer price index increased 3.8% from April 2025. Prices increased 0.6% from March to April on a month-over-month basis, with gasoline rising 5.4% in April. The 0.9% increase from February to March was less than the month-over-month gain.
According to US government figures, gas prices have increased by more than 28% from a year ago. According to the AAA Motor Club, the average price of a gallon of gasoline was more than $4.50 (€3.84) on Tuesday, which is almost 44% more than it was at this time last year.
So-called consumer core prices increased 2.8% from April 2025 and 0.4% from March last month, excluding volatile food and energy expenses. These relatively modest numbers indicate that the energy price spike has not yet spread to other goods.
Due to rising meat prices, grocery prices increased by 0.7% in April after marginally declining in March.Heather Long, chief economist at Navy Federal Credit Union, argued that inflation is currently the main hindrance to the US economy.
There is a significant financial strain. All salary growth are being eaten up by inflation for the first time in three years, according to Long. “Middle-class and lower-income households are aware that this is a setback. They have to stretch every dollar and reduce their expenditures.
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