More pain for Americans as official figures show prices are surging at fastest rate in three years as Iran war hits home ^77.6%

Daily Mail - By Benjamin Curry - 5/12/2026, 12:33 PM

Negativity Bias 28.8% - Post Hoc (False Cause) 24.4% - Ambiguity (Equivocation) 18.5%

Prices surged higher in April from the month prior, worrying Wall Street that higher inflation was becoming embedded in the US economy. The Bureau of Labor Statistics reported that consumer prices jumped by 0.9 percent last month, pushing the yearly inflation rate up to 3.8 percent, its highest level in nearly three years - and a big... more