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Inflation rises to 3.8%, driven by energy prices

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(The Center Square) – Inflation increased 0.6% in April, with an overall rate of 3.8% over the last 12 months, according to new data from the U.S. Bureau of Labor Statistics. 

The energy industry remained a key driver of the inflation increase, rising by 3.8% in April. Energy prices were responsible for more than 40% of the overall monthly item increase, largely due to gas prices. 

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Originally published on thecentersquare.com, part of the BLOX Digital Content Exchange.

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