surged

Inflation surged in April to the highest rate since 2023

US annual inflation accelerated more than expected, with the consumer price index rising 3.8% in April from a year ago. Economists expected a 3.7% increase, and it’s the highest inflation rate since 2023. Loading audio narration… CPI increased 0.6% from March, as expected, and was cooler than March’s 0.9% rise.The…