Sweden Herald - Latest Sweden News | US inflation higher than expected in April by Sweden Herald AI generated summary, Read the full article for complete information. U.S. inflation accelerated to 3.8 percent in April — the highest rate since May 2023 and slightly above analysts’ 3.7 percent forecast — while core inflation (excluding food and energy) edged up to 2.8 percent. The surge was accompanied by a 21 percent jump in airfares, driven by higher jet‑fuel costs after the Iran conflict, and a 0.3 percent year‑on‑year decline in average hourly earnings, a blow to middle‑class and low‑income households, according to Navy Federal Credit Union chief economist Heather Long. In response, U.S. market interest rates rose and Wall Street futures slipped. Read more: https://swedenherald.com/article/us-inflation-higher-than-expected-in-april #HeatherLong #CNBC #WallStreet #businessnews