finance
U.S. Inflation Gauge Hits Three-Year High in April
The Commerce Department reported that a key inflation measure rose to 3.8 percent in April. Real incomes fell while core prices also climbed above the Federal Reserve's 2 percent target.
May 28, 8:42 AM·1m read5 sources
Inflation crisisResilient econom
Los Angeles TimesAudio version
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A key inflation gauge rose to its highest level in three years in April, the Commerce Department said Thursday. 5 percent in March and the strongest reading since May 2023. 7 percent jump in March. 2 percent.
Gasoline, groceries, clothing and electricity all contributed to the increase. Services such as dental visits, car repairs and veterinarian care also posted sharp gains. 43 on Thursday, according to the AAA motor club. 98 a gallon the day before the Iran war began.
Personal income was unchanged in April from March.
1 percent. Farm incomes dropped after a large government aid package ended last month. 3 percent the prior month. S. 6 percent annual rate in the first quarter, the Commerce Department also reported Thursday. 5 percent pace in the final quarter of 2025, which was reduced by a 43-day federal government shutdown.
Inflation remains above the Federal Reserve's 2 percent target. Some officials have indicated the next policy move could be a rate increase rather than a cut.
