The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.

WASHINGTON: The US Federal Reserve's (Fed) favoured top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden.

Rising prices for gas and other necessities fuel consumer anxiety as more worry about the long-term effects of inflation.

U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.

Gold rose as signs that the US and Iran were closing in on a deal that would reopen the Strait of Hormuz tempered inflation concerns.Most Read from BloombergNvidia CEO Urges Super Micro to Tighten Up ...

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Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% ...

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Federal Reserve official say they believe the institution needs to tighten monetary policy if inflation continues to run above its target rate, according to minutes from last month’s meeting. “A ...

Oregon income growth isn’t keeping up with the nation’s, and state economists warned last week that households are likely to face rising financial pressure in the coming months as higher energy prices ...

Uh-Oh! Federal Reserve Just Updated Its Inflation Forecast, and Americans May Not Like What’s Coming ...