US Inflation Rises to 3.8% in April, Broadening Beyond Fuel Costs

U.S. inflation reached 3.8% in April, marking its highest point in nearly three years, with rising costs now affecting a wider range of goods and services beyond just gasoline. Companies are reportedly passing on tariff expenses to consumers, and food prices are projected to increase significantly. This economic trend is leading a substantial portion of American consumers to reduce their spending.