President Donald Trump promised to lower costs on his first day in office. But his import tariffs and war with Iran have made that impossible for now.

By Lucia Mutikani WASHINGTON, May 12 (Reuters) - U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November's midterm elections.

WASHINGTON — U.S. consumer prices increased in December, lifted by higher costs for rents and food as some of the distortions related to the government shutdown that had artificially lowered inflation in November unwound, cementing expectations the ...

Consumer prices rose 0.3% in December, driven by rents and food Food prices posted their biggest monthly gain in more than three years Core inflation remained moderate, keeping rate cuts in play later this year Shutdown-related data distortions masked some ...

Inflation and cost of living reflect different economic aspects but they are inextricably linked. Here's how they interact.

It is instructive to look back at the CPI from June 2022. Inflation hit 9.1% year over year. That was the highest increase since November 1981. According to the BLS release, “The increase was broad-based,

Tomato prices were up nearly 40% year over year in April, the quickest rate of inflation among the food-at-home categories that the BLS tracks.

Grocery prices in the New York City metro area are now 26% higher than they were in April 2020, the month after the COVID-19 pandemic began leading to temporary business shutdowns and home quarantines.