good morning! Today I’m Betty Lynn Fisher, filling in for Daniel de Visse at the Daily Money.
Inflation spiked in April as Americans already struggling with affordability pushed prices up again, according to the Bureau of Labor Statistics’ Consumer Price Index.
Prices rose 0.6% from March to April, and were up 3.8% year-on-year.
Rachel Barber reports that this is the highest level of inflation in nearly three years.
Gas tax reduction?
The White House is considering suspending the federal gas tax as fuel prices remain above $4.
Will that ease the burden on gas pumps?
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Betty Lin-Fisher is a consumer reporter for USA TODAY. Contact her at blinfisher@USATODAY.com or follow her at @blinfisher on X, Facebook and Instagram and @blinfisher.bsky.social on Bluesky.. Sign up for our free The Daily Money newsletter, breaking down complex consumer and financial news. Subscribe here.
