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Story summary
- Consumer price index rose 0.6% in April, lifting inflation to 3.8% as the Iran war raised energy costs.
- Gasoline rose 5.4% to $4.50 per gallon, diesel jumped 48%, electricity topped 19 cents/kWh, a 50-year high.
- Ground beef hit $6.92 per pound, 26% increase, while eggs fell to $2.25 per dozen.
- Unemployment claims rose to 211,000, retail sales up 0.5%, mortgage rate 6.36%, heating costs 8% above President Donald Trump’s start.
