Iran War Sends Gas Prices Higher, Lifting U.S. Inflation To 3.8% Annually

The April consumer price index shows that annual inflation is still above the Federal Reserve’s 2% target. Energy is the main driver of inflation as the Iran war creates oil supply shocks. CNBC’s Alex Harring breaks down what the April CPI reveals about prices. Reporter: Alex Harring Produced by: Macklin Fishman Animation: Emily Park, Jason Reginato Edited by: Andrea Miller Senior Managing Producer: Shawn Baldwin Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Iran War Sends Gas Prices Higher, Lifting U.S. Inflation To 3.8% Annually