Inflation jumps to its highest level since 2023. Here are 3 things costing a lot more

U.S. inflation rose to 3.8% in April, the highest level since May 2023, driven by surging gasoline prices, higher air fares, and housing costs. Gas prices increased $1.50 per gallon since the U.S.-Iran conflict began, while diesel fuel costs rose $1.88, contributing to 40% of the monthly CPI increase. Housing price jumps were partly influenced by a statistical anomaly from a prior government shutdown.