By Amjad Qaimkhani
WASHINGTON: Inflation in the United States rose for a second consecutive month in April, driven largely by surging energy prices that have increased financial pressure on consumers.
According to the US Bureau of Statistics, inflation increased by 0.6 percent on a monthly basis and 3.8 percent year-on-year, marking its highest level in nearly three years.
The report showed a significant rise in petrol prices, which increased by 28.4 percent over the past year, while overall energy costs jumped by 17.9 percent.
International media reports said the average petrol price in the US has reached 4.50 dollars per gallon, reflecting continued pressure on households and businesses.
Analysts say the ongoing Iran conflict and rising regional tensions have contributed to higher fuel costs, affecting multiple sectors including air travel. Airfares have increased by 2.8 percent, while several airlines are facing financial strain, and food prices have also gone up.
US President Donald Trump, when asked about a potential deal with Iran, said his priority is to ensure that Iran does not obtain nuclear weapons, adding that public financial concerns do not influence his decisions.
The White House has said the rise in prices is temporary and expects conditions to stabilise following diplomatic talks with Iran.
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