April CPI Spike Raises Pressure on Already-Stretched Consumers

Inflation accelerated again in April, intensifying pressure on consumers who were already struggling to keep pace with rising costs for food, housing and healthcare. The latest Consumer Price Index report from the Bureau of Labor Statistics , released Tuesday (May 12), showed inflation rising 3.8% year over year in April, while prices increased 0.6% month over month, marking the strongest monthly inflation gains since October 2022. The headline numbers signal reinforcement of a trend already eme