• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    Irish Oscar-winner Brenda Fricker dies aged 81

    Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

    Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

    CGTN: China vows to make AI a driver for shared prosperity amid widening AI divide

    US lifts HK emergency status

    US lifts HK emergency status

    Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

    Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

    Beijing welcomes US not extending HK-related emergency

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Apple Unveils Overhauled Siri AI and Major OS Updates at WWDC 2026

    OpenAI launches AI browser Atlas

    OpenAI Files Confidentially for IPO Amid Intensifying AI Competition

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    Irish Oscar-winner Brenda Fricker dies aged 81

    Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

    Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

    CGTN: China vows to make AI a driver for shared prosperity amid widening AI divide

    US lifts HK emergency status

    US lifts HK emergency status

    Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

    Tec-Do Launches Navos 2.0 at WAIC, Advancing the Next Era of Agentic Commerce

    Beijing welcomes US not extending HK-related emergency

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    SpaceX Raises $75 Billion in Historic IPO Amid $350 Billion Investor Demand

    Chinese firms double down on tech: Xiaomi, Haier

    Xiaomi Launches MiMo Code AI Programming Assistant to Enter Coding Agent Market

    Apple Unveils Overhauled Siri AI and Major OS Updates at WWDC 2026

    OpenAI launches AI browser Atlas

    OpenAI Files Confidentially for IPO Amid Intensifying AI Competition

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home News Business

Consumer inflation in US hits 3-year high

Xenia. W by Xenia. W
12 May 2026
in Business, News
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
Consumer inflation in the United States hit a three-year high in April, government data showed on Tuesday, with the economic fallout of the Iran war rippling through the world’s largest economy.

The consumer price index (CPI) rose 3.8 percent year-on-year, up from March’s 3.3 percent figure, the US Bureau of Labor Statistics (BLS) said.

The US-Israel war on Iran has engulfed the Middle East in violence, with Iranian retaliatory action targeting Washington’s regional allies and virtually blocking the Strait of Hormuz.

Roughly a fifth of the world’s oil and natural gas passes through the waterway under normal circumstances, and the blockade has sent worldwide energy prices surging.

In April, the US price index for energy rose 17.9 percent compared to a year ago, BLS data showed, by far the largest price jump for any category.

Food prices were up 3.2 percent in April over last year, the data showed.

Core CPI inflation, which excludes volatile food and energy prices, came in at 2.8 percent in April, up from 2.6 percent the month before.

US consumers have been battered by years of higher-than-expected inflation, with policymakers struggling to achieve price stability more than five years after the pandemic began.

The US Federal Reserve has a long-term 2 percent target for inflation and several policymakers at the central bank have indicated the possible need for interest rate hikes to address rising prices. (AFP)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

Read More

Cathay pushes back Dubai and Riyadh flight resumptions

17 July 2026

Irish Oscar-winner Brenda Fricker dies aged 81

17 July 2026
  • Trending
  • Comments
  • Latest
CyberLogitec Wins Smart Terminal Project at TTIA in Europe, Delivering TOS and Digital Twin Solutions

CyberLogitec Wins Smart Terminal Project at TTIA in Europe, Delivering TOS and Digital Twin Solutions

14 July 2026
Subsidised housing ballots drawn

Subsidised housing ballots drawn

10 July 2026
Xiao Noodles Posts Maiden Annual Results: Revenue and Net Profit Jump in 2025 as ESG Efforts Drive Long-Term Value

Xiao Noodles Posts Maiden Annual Results: Revenue and Net Profit Jump in 2025 as ESG Efforts Drive Long-Term Value

29 April 2026

HBO Max Restores Traditional Chinese Subtitles in Hong Kong After User Backlash

31 January 2026

West Indies cricket legend Garry Sobers dies at 89

17 July 2026

Irish Oscar-winner Brenda Fricker dies aged 81

17 July 2026
Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

17 July 2026

CGTN: China vows to make AI a driver for shared prosperity amid widening AI divide

17 July 2026

Recent News

West Indies cricket legend Garry Sobers dies at 89

17 July 2026

Irish Oscar-winner Brenda Fricker dies aged 81

17 July 2026
Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

Farizon Opens Global Spare Part Distribution Center to Strengthen International Aftersales Support

17 July 2026

CGTN: China vows to make AI a driver for shared prosperity amid widening AI divide

17 July 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com