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Brian Krassenstein: U.S. consumer prices rose 3.8% in April, highest since May 2023
Brian Krassenstein reports that U.S. consumer prices increased 3.8% year-over-year in April, reaching the highest level since May 2023. He attributes the rise in inflation partly to policies linked to U.S. President Donald Trump, noting that the recent surge in gas prices over the past two weeks has not yet been factored into the current data.
Krassenstein previously estimated that gas prices could reach $4.80 by the end of May amid ongoing market conditions. He also reported that oil prices jumped $5 after an attack on a U.S. ship in the Strait of Hormuz. Both events add context to the recent movements in consumer prices.
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