Inflation could hit 4% next month and stay elevated for rest of year, economist warns

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• PBS NewsHourLean L·2h ago

  Inflation could hit 4% next month and stay elevated for rest of year, economist warns

  The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to the Labor Department. Geoff Bennett discussed more with Heather Long, Chief Economist at Navy Federal Credit Union.

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