NPR Topics: Business•Apr 10
Inflation surges to highest level in nearly 2 years as energy costs spike
war with Iran and the resulting spike in energy prices have pushed inflation to its highest level in nearly two years. Inflation spike reverses stabilizing trend Although inflation is nowhere near the four-decade high it reached in 2022, following Russia's invasion of Ukraine, progress on stabilizing prices fizzled out last year, partly as a result of President Trump's tariffs.
