The Bureau of Labor Statistics’ latest consumer price report is here, and the data shows most grocery staples trending upward, electric costs at all-time highs and gas prices back above $4 per gallon nationally for the first time since 2022.
Overall, inflation accelerated in April, with costs rising 0.6%. Though steep, the monthly increase is slightly less than the 0.9% reported in March. Year-over-year,prices are up 3.8%— nearly double the Federal Reserve’s target of 2%. Elevated prices have been driven largely by soaring energy costs, accounting for over 40% of the month-over-month increase.
Higher energy costs, in turn, are a product of the Iran war. Amid fighting with the United States, Israel and surrounding Gulf states, the Islamic Republic has effectively closed theStrait of Hormuz, through which a fifth of the world’s oil and gas is shipped. In response, the U.S. Navy has implementedits own blockadeof Iranian ports, tankershave been seizedand the flow of fuel out of the region has trickled to a halt. As a result,global marketsare experiencing upheaval and crude oil prices have remained above $100 a barrel.
Stateside, this has translated into higher fuel costs. Since the start of the war,retail gas priceshave spiked more than 50% nationwide, and diesel, which trucks use to transport all kinds of goods and agricultural products across the country, has similarly sprung up 48%, according to data from theU.S. Energy Information Administration.And increased shipping and transportation costs? That means higher prices on everything from groceries toairline ticketsand your morning latte.
How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond
The Tribune is tracking 11 everyday costs for Americans — eggs, milk, bread, bananas, oranges, tomatoes, chicken, ground beef, gasoline, electricity and natural gas — and how they are changing, or not, under the second Trump administration. This tracker is updated monthly usingconsumer price index datafrom the U.S. Bureau of Labor Statistics.
To see the average U.S. price of a specific good, click on the dropdown arrow below and select the item you wish to view.
Eggs are one of the few grocery items that saw a price drop in April. The nationwide average fell another 10 cents month-over-month, landing at $2.25 per dozen.
Costs have cooled significantly following a massive outbreak of bird flu last winter and spring, which disrupted the egg supply and sent retail prices soaring. Since then, the average cost for a dozen large Grade A eggs has declined more than 56% — or a difference of almost $3.
Now $4.14 per gallon, the price of fresh, whole milk increased by 7 cents since March. The average cost is higher than this time last year and roughly 3% more than it was when President Donald Trump took office in January 2025.
Source: Drudge Report