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Get the free app no ads · no paywallNews · 12 May 2026
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Americans' wages no longer outpace prices, marking the first time in 36 months costs are rising faster than earnings. US consumer prices increased 3.8% in April, the quickest rate since May 2023, mainly due to surging energy costs. This 3.8% figure, up from 3.3% in March, makes a Federal Reserve interest rate reduction this year less likely.
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