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April inflation data is widely expected to show it has risen to a nearly 3-year high when the Consumer Price Index is released Tuesday.
Source
NBC News
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Inflation heated up in April to the hottest level in three years as the Iran war drove energy prices higher, and started to filter through the economy.
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Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
