No Result
View All Result
  • Login
Tuesday, June 23, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Economy

It’s not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas

by theadvisertimes.com
1 month ago
in Economy
Reading Time: 4 mins read
A A
0
It’s not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas
Share on FacebookShare on TwitterShare on LInkedIn


U.S. consumers are blaming the Iran War for the recent inflation surge. But data shows prices are rising in more areas than just energy.

The consumer price index climbed 0.6% in April on a seasonally adjusted basis, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics reported Tuesday. Annual inflation is now advancing at its hottest clip in nearly three years.

“Consumers are doing their best to absorb higher energy costs, but they’re not finding much relief elsewhere,” said Bret Kenwell, U.S. investment analyst at eToro. “Inflation pressure isn’t just at the pump, it’s showing up across the household budget.”

Tuesday’s report comes days after the University of Michigan released a record-low preliminary reading for consumer sentiment. Rising oil prices tied to the Middle East conflict were a key detractor on confidence, according to the release.

But Tuesday’s CPI data shows consumers are facing sticker shock in other areas. Here are some of the places where prices are rising fast:

Housing

An apartment for rent in the Center Square neighborhood of Albany. A recent study found that wages are outpacing rent prices across the Capital Region.

Timothy Fanning | Albany Times Union | Getty Images

Shelter inflation rose 0.6% in April, pushing its year-over-year increase to 3.3%.

Within the housing category, lodging away from home jumped 2.4% in April for a 12-month gain of 4.6% Tenant and household insurance ticked up 0.1% in April, placing its annual inflation rate at 7.2%.

Economists have been closely monitoring housing inflation since the economic data lapse during the government shutdown last year. They raised alarm that price changes for owners’ equivalent rent — a hypothetical measure of what property owners can get for their dwellings and a key factor in overall housing market inflation — were not adequately captured, leading to skewed readings.

Food

Tomatoes from Mexico are displayed on a grocery store shelf on July 14, 2025 in San Anselmo, California.

Justin Sullivan | Getty Images

Food at home was 0.7% more expensive in April than March, its largest one-month increase since August 2022. Prices are 2.9% higher year over year.

Uncooked ground beef added 2.7% in April, pushing price tags up 14.5% from a year ago, amid soaring cattle prices. Ahead of the summer grilling season, frankfurter prices are 10.7% heftier than the same month in 2025, lifted in part by a 5.8% gain month over month.

Tomatoes — a product that’s mostly imported to the U.S., making it a subject of President Donald Trump’s tariffs — soared 15.1% in April. The product is now 39.7% pricier than a year earlier.

Coffee prices, hit by supply concerns, jumped 2% in April, propelling its 12-month gain to 18.5%.

Shopping

Window coverings cost 8.2% more than a year ago, partially driven up by a 0.9% increase from March to April. Dishes and flatware climbed 1.6% in the month for an annual cost increase of 15.4%.

The price of jewelry added 3.7% in April, lifting its one-year increase to 16.1%. Watch prices ticked marginally higher in the month, creating a year-over-year jump of 8.8%.

Footwear gained 1.4% in March to April, boosting prices to 4.2% above where they sat a year ago.

Services

FILE PHOTO: Clark resident Jen Valencia still works part time for Instacart, packing her SUV after completing two orders at ShopRite on January 8, 2022 in Clark, New Jersey.

Michael Loccisano | Getty Images

Inflation also hit some service-driven categories.

Rentals and subscriptions of videos and video games cost 16.6% more than a year ago after rising 2.1% between March and April.

Delivery services posted a cost increase of 4.3% in April. It’s now 13.6% more than expensive on a 12-month basis.

Areas of relief

In an aerial view, pre-owned vehicles are displayed for sale at a Hyundai dealership lot on April 7, 2026 in Austin, Texas.

Brandon Bell | Getty Images News | Getty Images

To be sure, consumers found respite in some other areas.

While smartphones rose 1% in April, they are still 12.4% less pricey than 12 months ago.

Used car and truck prices held steady on the month and are down 2.7% compared with a year earlier.

Men’s outwear, a category that includes suits and sport coats, fell 2% on the month. Prices are 7.1% lower than in April 2025.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Tags: areasinflationIranoilPricesRaisingreaccelerating
ShareTweetShare
Previous Post

Elon Musk, Tim Cook and Larry Fink expected to join Trump’s entourage to Beijing this week

Next Post

CPI inflation April 2026: Prices rose 3.8% annually

Related Posts

Lies, Damn Lies, and the History of Capitalism

Lies, Damn Lies, and the History of Capitalism

by theadvisertimes.com
June 23, 2026
0

Mark Twain popularized the phrase, “There are three kinds of lies: lies, damn lies, and statistics.” This phrase could equally...

Cutsinger’s Solution: Veggies and Noodles

Cutsinger’s Solution: Veggies and Noodles

by theadvisertimes.com
June 23, 2026
0

Question: Consider the markets for fresh vegetables and instant noodles. Assume that fresh vegetables are a normal good, while instant...

Canada’s Inflation Problem Is Far From Over

Canada’s Inflation Problem Is Far From Over

by theadvisertimes.com
June 23, 2026
0

Canada’s inflation rate accelerated to 3.2% in May, coming in above expectations and once again exposing the fantasy that inflation...

Mamdani Endorses in New York Dem Congressional Primaries

Mamdani Endorses in New York Dem Congressional Primaries

by theadvisertimes.com
June 22, 2026
0

New York Mayor Zohran Mamdani has endorsed multiple candidates in tomorrow’s Democratic congressional primaries as part of what the New...

The Magic of Money Velocity

The Magic of Money Velocity

by theadvisertimes.com
June 22, 2026
0

For most economists, the velocity of money circulation is an important factor in determining the prices of goods and services....

What Would Happen if the UK Tried to, or Did, Repay Its National Debt?

What Would Happen if the UK Tried to, or Did, Repay Its National Debt?

by theadvisertimes.com
June 22, 2026
0

Yves here. Richard Murphy gives a succinct description of the methods open to the UK for retiring its national debt...

Next Post
CPI inflation April 2026: Prices rose 3.8% annually

CPI inflation April 2026: Prices rose 3.8% annually

Your New Medical Problem: Where Are All These New Diseases Coming From?

Your New Medical Problem: Where Are All These New Diseases Coming From?

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
6 Hotels Where Chase’s Points Boost Yields 2.5x

6 Hotels Where Chase’s Points Boost Yields 2.5x

May 22, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast

June 2, 2026
Memorial Day 2026: Take Advantage of Food Freebies, Deals

Memorial Day 2026: Take Advantage of Food Freebies, Deals

May 23, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
Cutsinger’s Solution: Veggies and Noodles

Cutsinger’s Solution: Veggies and Noodles

0
8 Places to Sell Printables Online for Cash

8 Places to Sell Printables Online for Cash

0
Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

Vedanta Power, Oil & Gas, and Iron shares rally up to 5%; Aluminium sheds 3%. Should you buy, sell or hold?

0
The Board-Lot Reckoning: Access, Liquidity, and Governance

The Board-Lot Reckoning: Access, Liquidity, and Governance

0
EU Committee Advances Digital Euro CBDC Bill After Vote

EU Committee Advances Digital Euro CBDC Bill After Vote

0
Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

0
EU Committee Advances Digital Euro CBDC Bill After Vote

EU Committee Advances Digital Euro CBDC Bill After Vote

June 23, 2026
Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative

Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative

June 23, 2026
Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

Cisco Systems (CSCO): Neues Fundament nach Kurssprung!

June 23, 2026
Gen Z: if you want to succeed at work, you need to start friction-maxxing

Gen Z: if you want to succeed at work, you need to start friction-maxxing

June 23, 2026
266. “I carry the household, the bills, and the stress”

266. “I carry the household, the bills, and the stress”

June 23, 2026
Cutsinger’s Solution: Veggies and Noodles

Cutsinger’s Solution: Veggies and Noodles

June 23, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • EU Committee Advances Digital Euro CBDC Bill After Vote
  • Roku (ROKU) Has a CTV Operating-System and Ad Platform Bigger Than a Hardware Narrative
  • Cisco Systems (CSCO): Neues Fundament nach Kurssprung!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.