Economists cite tariffs and increased fuel costs for the war in Iran as just a couple of reasons why prices are surging right now.
Inflation rose for a third consecutive month amid the Iran war, matching expectations.
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans' finances.
Americans are facing price increases on everything from gas to groceries, prompting people to search for new ways to save.
President Donald Trump said Americans' financial situation was "not even a little bit" of a motivating factor for him reaching a deal to end the war in Iran.
The jump in prices last month owed in large part to a sharp rise in costs for products impacted by a global oil shock.