Scott Horsley
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Podcast Appearances
Higher energy prices, triggered by the closing of the Strait of Hormuz, accounted for about 40 percent of that overall monthly increase.
Gasoline prices have jumped about a buck and a half since the war began, and diesel prices are even higher.
That's also starting to show up in the
The price of plane tickets, for example, is up more than 20 percent from a year ago as airlines struggle with soaring jet fuel prices.
Higher trucking costs may have also contributed to a sharp monthly jump in grocery prices.
Scott Horsley, NPR News, Washington.
Consumer prices in April were up 3.8 percent from a year ago.
That's the biggest annual increase since May of 2023.
Prices jumped six-tenths of a percent in the last month alone.
Higher energy prices triggered by the closing of the Strait of Hormuz accounted for about 40 percent of that overall monthly increase.
Gasoline prices have jumped about a buck and a half since the war began, and diesel prices are even higher.
That's also starting to show up in the price of other goods and services.
The price of plane tickets, for example, is up more than 20 percent from a year ago, as airlines struggle with soaring jet fuel prices.
Higher trucking costs may have also contributed to a sharp monthly jump in grocery prices.
Scott Horsley, NPR News, Washington.
Consumer prices in April were up 3.8 percent from a year ago.
That's the biggest annual increase since May of 2023.
Prices jumped six-tenths of a percent in the last month alone.
Higher energy prices, triggered by the closing of the Strait of Hormuz, accounted for about 40 percent of that overall monthly increase.
Gasoline prices have jumped about a buck and a half since the war began, and diesel prices are even higher.