The April consumer price index shows that annual inflation is still above the Federal Reserve’s 2% target. Energy is the main driver of inflation as the Iran war creates oil supply shocks. CNBC’s Alex Harring breaks down what the April CPI reveals about prices.
Reporter: Alex Harring
Produced by: Macklin Fishman
Animation: Emily Park, Jason Reginato
Edited by: Andrea Miller
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images
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Iran War Sends Gas Prices Higher, Lifting U.S. Inflation To 3.8% Annually
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