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Reason
Reason
Eric Boehm

The War Comes for Your Wallet: Inflation Hits 3.8%, Highest Level in 3 Years

Inflation Donald Trump Iran BLS Oil

With oil and gas prices shooting higher, a key metric for measuring inflation hit its highest level in three years in April.

Consumer prices are up 3.8 percent over the past year after rising 0.6 percent in April, the Bureau of Labor Statistics reported on Tuesday morning.

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