{"id":10048,"date":"2026-05-28T13:01:54","date_gmt":"2026-05-28T13:01:54","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=10048"},"modified":"2026-05-28T13:01:54","modified_gmt":"2026-05-28T13:01:54","slug":"key-inflation-gauge-worsens-as-americans-shell-out-more-for-gasoline","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=10048","title":{"rendered":"Key inflation gauge worsens as Americans shell out more for gasoline"},"content":{"rendered":"<div>\n<p><strong>By CHRISTOPHER RUGABER, AP Economics Writer<\/strong><\/p>\n<p>WASHINGTON (AP) \u2014 A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans\u2019 finances.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10046\">US jobless claims rise to 215,000 but remain low despite Iran war uncertainty<\/a><\/p>\n<p>Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May 2023. On a monthly basis, prices rose 0.4%, down from the 0.7% jump in March.<\/p>\n<p>The report showed that prices have risen for many items in addition to gas, indicating that inflation could persist and pose problems for congressional Republicans in this year\u2019s midterm elections. Inflation is also notably above the Federal Reserve\u2019s target of 2%, which means Fed policymakers may decide to forego any cuts to their key short-term interest rate this year. Some officials have signaled that their next move could be a hike rather than a cut.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10044\">Could a recent bird sighted off San Clemente be a rare visitor?<\/a><\/p>\n<p>Excluding the volatile food and energy categories, core inflation rose to 3.3% in April from 3.2% the previous month. It is the highest core figure since November 2023. One positive sign in the report: Core prices rose just 0.2% in April from March.<\/p>\n<p>Higher prices are also cutting into consumers\u2019 incomes, which were unchanged in April from March. Adjusted for inflation, incomes actually slipped 0.1% last month.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10038\">US military strikes another alleged drug boat in the eastern Pacific, killing 2<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A key inflation gauge accelerated in April, the latest sign that spiking gas prices and higher food costs are squeezing Americans\u2019 finances.<\/p>\n","protected":false},"author":1,"featured_media":10047,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,2],"tags":[],"class_list":["post-10048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key inflation gauge worsens as Americans shell out more for gasoline - 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