Today’s Lead Story
Thursday, June 4Inflation
April Inflation Hits 3.8%: Gas Up 28%, Real Wages Slip
via Bureau of Labor Statistics
Consumer prices rose 3.8% in April from a year earlier, the fastest annual pace since 2023, driven largely by a 28% jump in gasoline costs. Adjusted for inflation, average hourly wages slipped, the first real-wage decline since 2023.
Why it matters
With gas near $4.50 a gallon and grocery prices up about 3.2% from a year ago, everyday spending is eating a bigger share of most household budgets.
