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THENATIONALPULSE (Pulse Wires) - Inflation Rises as Higher Gas Prices Hit Households Hard.

Rising inflation, driven by gas and food prices, continues to strain American finances, potentially influencing Federal Reserve policy.

Rising inflation , driven by gas and food prices , continues to strain American finances, potentially influencing Federal Reserve policy. PULSE POINTS WHAT HAPPENED: A key measure of inflation rose in April to 3.8 percent, up from 3.5 percent in March and the highest level since May 2023, as surging gas and food prices continued to put pressure on American households. The Commerce Department reported that prices rose 0.4 percent on a monthly basis in April after a 0.7 percent increase in March, while core inflation, which excludes food and energy, climbed to 3.3 percent from 3.2 percent. Monthly core prices increased by 0.2 percent DETAIL: The report suggests inflationary pressures are broadening beyond energy , raising concerns that…Open