Inflation rising again

Added: 2026-05-18

[00:00:00]the nation. For the first time in 3 years, Americans' wages are no longer outpacing inflation. Last month, inflation rose to its highest rate since May of 2023, according to the Bureau of Labor Statistics. This comes as a new poll shows more Americans are feeling pessimistic about the economy. CNN's Michael Yoshida has more.

[00:00:19]US inflation rising. According to new Consumer Price Index data from the Bureau of Labor Statistics, in April, prices rose.6% from March, driving the annual rate to 3.8%.

[00:00:31]>> We have taken such a major step back in the fight against inflation. For the month, gas was up 5.4%. Air fare 2.8%.

[00:00:40]Groceries.7, housing costs.6, and fresh fruit and vegetables 2.3%, the highest monthly increase for that category since 2010. There's nowhere to hide here from inflation. Price increases are happening. They're happening quickly. Impacts from the Iran war, including price shocks to fuel and transportation, being felt across the economy, and adding to long-standing affordability concerns for Americans. A new CNN poll finding 76% of Americans call cost of living issues their biggest economic problem, with many feeling down on the economy and their ability to pay bills. Food prices are out of control.

[00:01:16][music] Everything's gone up, from the beef to the eggs, gas. I definitely don't fill up the whole tank anymore. As Americans deal with higher prices, for the first time in 3 years, their wages aren't keeping up with the cost of living. People who are earning the highest, they're more likely to probably still be outpacing inflation.

[00:01:36]But the people who are making the least, they have not been for months.

[00:01:41]And this is only going to be worse for them. In Washington, Michael Yoshida.