US April Inflation Hits 3-Year High, US Stocks Decline in Early Trading
US Consumer Price Index (CPI) in April rose 3.8% year-on-year, reaching a three-year high, primarily driven by rising gasoline prices due to the Iran war. This led to a decline in US stock indices during early trading.
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- 📰 Published: May 12, 2026 at 23:17
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(Central News Agency, New York, 12th, comprehensive foreign report) Rising gasoline prices, driven by the Iran war, pushed US April consumer inflation to a three-year high, causing major Wall Street stock indices to fall in early trading today.
According to AFP, the US April Consumer Price Index (CPI) rose 3.8% year-on-year, higher than March's 3.3%.
This report comes amidst the two-and-a-half-month conflict between the US and Iran, where both sides have refused to back down and have repeatedly threatened to reignite fighting, though currently neither appears willing to resume full-scale combat.
Approximately 15 minutes after opening today, the Dow Jones Industrial Average fell 0.5% to 49458.97 points.
The S&P 500 index fell 0.4% to 7384.74 points.
The technology-heavy Nasdaq Composite Index slid 0.5% to 26135.22 points.
Both the S&P 500 and Nasdaq closed at historic highs yesterday. (Compiled by: Yang Chao-yan) 1150512
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According to AFP, the US April Consumer Price Index (CPI) rose 3.8% year-on-year, higher than March's 3.3%.
This report comes amidst the two-and-a-half-month conflict between the US and Iran, where both sides have refused to back down and have repeatedly threatened to reignite fighting, though currently neither appears willing to resume full-scale combat.
Approximately 15 minutes after opening today, the Dow Jones Industrial Average fell 0.5% to 49458.97 points.
The S&P 500 index fell 0.4% to 7384.74 points.
The technology-heavy Nasdaq Composite Index slid 0.5% to 26135.22 points.
Both the S&P 500 and Nasdaq closed at historic highs yesterday. (Compiled by: Yang Chao-yan) 1150512
Choose to stand with facts, every sponsorship you make is a force for protecting press freedom.
Download the "First-hand News" APP from Central News Agency to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.