Episode

Consumer prices were up a lot in April

Podcast: Marketplace Morning Report
Published: May 12, 2026
Duration seconds: 485
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Canonical source: https://www.marketplace.org/episode/2026/05/12/consumer-prices-were-up-a-lot-in-april
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Summary

Prices in the U.S. were up 3.8% year over year in April. That's a faster rate of annual inflation than we saw in March. A main driver was higher energy prices, a result of the war with Iran. Those price increases are taking a bite out of consumer wages, but the pain may be temporary. Plus, small businesses are hanging in there. And, we'll preview President Donald Trump's meeting with Chinese President Xi Jinping.