Inflation in the USA rose by 3.8% in April, the fastest pace since May 2023, influenced by the conflict in Iran.

In April, inflation in the U.S. accelerated, with the PCE (personal consumption expenditures) index recording an annual increase of 3.8%, according to the Department of Commerce. This is the fastest increase since May 2023 and significantly exceeds the 2% target set by the Federal Reserve.

Core inflation, which excludes food and energy, rose by 3.3%, and prices increased by 0.4% compared to the previous month. The war in Iran has disrupted transportation through the Strait of Hormuz, affecting energy prices and supply chains.

Despite rising prices, consumer spending increased moderately by 0.5%, suggesting a slowdown in economic activity. This data suggests that the Federal Reserve may keep interest rates unchanged without cuts in the coming year.