<div id="readability-page-1" class="page">Key Takeaways The Consumer Price Index is expected to have jumped 3.8% over the last 12 months in April, amplifying concerns that inflation is threatening the economy and hurting household budgets. Rising fuel costs are the main source of inflation, since the Iran war has restricted the flow of crude oil to global markets. Rising inflation could di...</div>

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<p>The Consumer Price Index is projected to rise by 3.8% over the past year, raising concerns about inflation's impact on the economy and household budgets. The primary driver of this inflation is increasing fuel costs, exacerbated by the Iran war, which has limited crude oil supply to global markets.</p>

- The Consumer Price Index is projected to have increased by 3.8% over the past 12 months ending in April, raising concerns about inflation's impact on the economy and household finances.  
- The primary driver of this inflation surge is the rising fuel costs, attributed to the Iran war restricting crude oil supplies to global markets.  
- If inflation continues to rise, it could lead to significant economic consequences.

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What to expect from Tuesday's inflation report