BUSINESSAP NEWS
Key inflation gauge worsens, eroding Americans’ income and spending power
A key inflation gauge rose to 3.8% in April 2026, the highest in three years, driven by spiking gas and food prices. Core inflation hit 3.3%, with incomes falling slightly after adjusting for inflation, potentially complicating the Federal Reserve's interest rate decisions.
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Adjacent reporting
- Gas price spike pushes up inflation by most in four years in March
- UK Inflation Rose to 3.3% in March
- Inflation escalates to 3-year high. And it might get worse before it gets better.
- The U.S. inflation problem is getting worse
- Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
- Key inflation gauge remains elevated in February before Iran war