The U.S. war with Iran has pushed inflation to its highest level in almost three years. Consumer prices in April were up 3.8% from a year ago, according to a report Tuesday from the Labor Department. That was the biggest annual increase since May 2023. Prices rose 0.6% between March and April. From gas prices to housing, here are three things to know about the rising cost of living. Gasoline prices have jumped sharply since the war began, snarling tanker traffic in the Strait of Hormuz, a vital corridor for energy shipments. The average price of regular gas is $2.50 a gallon, according to AAA. That's up 38 cents from ... (full story)