US-Israel War Hits Home for US Consumers
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Inflation accelerated in April on both rising fuel and grocery costs driven by the US-Israel war with Iran, exceeding wage growth in a double-slap to already strained consumers—most of whom oppose the conflict and blame Donald Trump for high gas prices.
The consumer price index rose 3.8% from a year earlier, according to the Bureau of Labor Statistics, a division of the US Department of Labor, the most since 2023. After adjusting for inflation, wages fell for the first time in three years.