{"id":43751,"date":"2026-05-12T14:52:27","date_gmt":"2026-05-12T14:52:27","guid":{"rendered":"https:\/\/financialrush.com\/?p=43751"},"modified":"2026-05-12T14:52:27","modified_gmt":"2026-05-12T14:52:27","slug":"its-not-just-iran-and-oil-raising-inflation-prices-also-are-reaccelerating-in-these-other-areas","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=43751","title":{"rendered":"It&#8217;s not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108287548\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A customer shops for beef at a grocery store in Los Angeles, April 6, 2026.<\/p>\n<p>Justin Sullivan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>U.S. consumers are blaming the <a href=\"https:\/\/www.cnbc.com\/2026\/05\/09\/iran-war-oil-gas-energy-security.html\">Iran War<\/a> for the recent inflation surge. But data shows prices are rising in more areas than just energy.<\/p>\n<p>The <a href=\"https:\/\/www.cnbc.com\/2026\/05\/12\/cpi-inflation-april-2026-.html\">consumer price index<\/a> climbed 0.6% in April on a seasonally adjusted basis, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics reported Tuesday. Annual inflation is now advancing at its hottest clip in nearly three years.<\/p>\n<p>&#8220;Consumers are doing their best to absorb higher energy costs, but they&#8217;re not finding much relief elsewhere,&#8221; said Bret Kenwell, U.S. investment analyst at eToro. &#8220;Inflation pressure isn&#8217;t just at the pump, it&#8217;s showing up across the household budget.&#8221;<\/p>\n<p>Tuesday&#8217;s report comes days after the University of Michigan released a <a href=\"https:\/\/www.cnbc.com\/2026\/05\/08\/consumer-sentiment-falls-to-fresh-record-low-in-may-as-surging-gas-prices-hit-outlook.html\">record-low preliminary reading<\/a> for consumer sentiment. Rising oil prices tied to the Middle East conflict were a key detractor on confidence, according to the release.<\/p>\n<p>But Tuesday&#8217;s CPI data shows consumers are facing sticker shock in other areas. Here are some of the places where prices are rising fast:<\/p>\n<\/div>\n<h2 id=\"housing\" class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>Housing<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108235151\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>An apartment for rent in the Center Square neighborhood of Albany. A recent study found that wages are outpacing rent prices across the Capital Region.<\/p>\n<p>Timothy Fanning | Albany Times Union | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Shelter inflation rose 0.6% in April, pushing its year-over-year increase to 3.3%.<\/p>\n<p>Within the housing category, lodging away from home jumped 2.4% in April for a 12-month gain of 4.6% Tenant and household insurance ticked up 0.1% in April, placing its annual inflation rate at 7.2%.<\/p>\n<p>Economists have been closely monitoring housing inflation since the economic data lapse during the government shutdown last year. They raised alarm that price changes for owners&#8217; equivalent rent \u2014 a hypothetical measure of what property owners can get for their dwellings and a key factor in overall housing market inflation \u2014 <a href=\"https:\/\/www.cnbc.com\/2025\/12\/18\/trust-these-numbers-economists-see-a-lot-of-flaws-in-delayed-cpi-report-showing-downward-inflation.html\">were not adequately captured<\/a>, leading to skewed readings.<\/p>\n<\/div>\n<h2 id=\"food\" class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>Food<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108171691\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Tomatoes from Mexico are displayed on a grocery store shelf on July 14, 2025 in San Anselmo, California.<\/p>\n<p>Justin Sullivan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Food at home was 0.7% more expensive in April than March, its largest one-month increase since August 2022. Prices are 2.9% higher year over year.<\/p>\n<p>Uncooked ground beef added 2.7% in April, pushing price tags up 14.5% from a year ago, amid <a href=\"https:\/\/www.cnbc.com\/2026\/04\/15\/beef-cattle-grilling-inflation.html\">soaring cattle prices.<\/a> Ahead of the summer grilling season, frankfurter prices are 10.7% heftier than the same month in 2025, lifted in part by a 5.8% gain month over month.<\/p>\n<p>Tomatoes \u2014 a product that&#8217;s <a href=\"https:\/\/www.cnbc.com\/2026\/04\/15\/tomato-prices.html\">mostly imported<\/a> to the U.S., making it a subject of President Donald Trump&#8217;s tariffs \u2014 soared 15.1% in April. The product is now 39.7% pricier than a year earlier.<\/p>\n<p>Coffee prices, hit by supply concerns, jumped 2% in April, propelling its 12-month gain to 18.5%.<\/p>\n<\/div>\n<h2 id=\"shopping\" class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>Shopping<\/h2>\n<div class=\"group\">\n<p>Window coverings cost 8.2% more than a year ago, partially driven up by a 0.9% increase from March to April. Dishes and flatware climbed 1.6% in the month for an annual cost increase of 15.4%.<\/p>\n<p>The price of jewelry added 3.7% in April, lifting its one-year increase to 16.1%. Watch prices ticked marginally higher in the month, creating a year-over-year jump of 8.8%.<\/p>\n<p>Footwear gained 1.4% in March to April, boosting prices to 4.2% above where they sat a year ago.<\/p>\n<\/div>\n<h2 id=\"services\" class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Services<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108276840\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>FILE PHOTO: Clark resident Jen Valencia still works part time for Instacart, packing her SUV after completing two orders at ShopRite on January 8, 2022 in Clark, New Jersey.<\/p>\n<p>Michael Loccisano | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Inflation also hit some service-driven categories.<\/p>\n<p>Rentals and subscriptions of videos and video games cost 16.6% more than a year ago after rising 2.1% between March and April.<\/p>\n<p>Delivery services posted a cost increase of 4.3% in April. It&#8217;s now 13.6% more than expensive on a 12-month basis.<\/p>\n<\/div>\n<h2 id=\"areas-of-relief\" class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>Areas of relief<\/h2>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108288226\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>In an aerial view, pre-owned vehicles are displayed for sale at a Hyundai dealership lot on April 7, 2026 in Austin, Texas. <\/p>\n<p>Brandon Bell | Getty Images News | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>To be sure, consumers found respite in some other areas.<\/p>\n<p>While smartphones rose 1% in April, they are still 12.4% less pricey than 12 months ago.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/05\/07\/used-car-prices-gas.html\">Used car<\/a> and truck prices held steady on the month and are down 2.7% compared with a year earlier.<\/p>\n<p>Men&#8217;s outwear, a category that includes suits and sport coats, fell 2% on the month. Prices are 7.1% lower than in April 2025.<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/05\/12\/iran-oil-energy-inflation-shelter-food-trump.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A customer shops for beef at a grocery store in Los Angeles, April 6, 2026. Justin Sullivan |&hellip;\n","protected":false},"author":4,"featured_media":43752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-43751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43751"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/43751\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/43752"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}