US inflation hits three-year high as 'no end in sight' for Donald Trump's war with Iran

US inflation surged to 3.8 per cent in April, the steepest annual rise since May 2023, as President Donald Trump struggles to address the economic fallout of the US-Iran war.Bureau of Labor Statistics (BLS) figures released today show consumer prices climbed 0.6 per cent month-on-month, exceeding market forecasts.The closure of the Strait of...

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