Finance

It’s not just Iran and the rise in oil prices. Prices are also increasing in these other areas

A customer buys beef at a grocery store in Los Angeles, on April 6, 2026.

Justin Sullivan | Getty Images

US consumers blame Iran War for recent inflation. But the data shows prices are rising in areas that are more than just affordable.

The consumer price index rose 0.6% in April in the adjusted period, bringing the 12-month inflation rate to 3.8%, the Bureau of Labor Statistics reported Tuesday. Annual inflation is now running at its fastest pace in nearly three years.

“Consumers are doing their best to absorb higher energy costs, but they’re not getting much relief elsewhere,” said Bret Kenwell, US investment analyst at eToro. “Inflationary pressure is not just on the tap, it is reflected in the household budget.”

Tuesday’s report comes days after the University of Michigan released a record low reading of consumer sentiment. Rising oil prices related to the Middle East conflict have had a significant impact on confidence, according to the release.

But Tuesday’s CPI data shows consumers are facing sticker shock elsewhere. Here are some of the areas where prices are rising the fastest:

Houses

Apartment for rent in the Center Square area of ​​Albany. A recent study found that wages are outpacing rents across the Capital Region.

Timothy Fanning Albany Times Union | Getty Images

Residential property inflation rose 0.6% in April, bringing its year-on-year increase to 3.3%.

In the housing sector, housing jumped 2.4% in April for a 12-month gain of 4.6%. Renters and home insurance rose 0.1% in April, putting the inflation rate at 7.2%.

Economists have been keeping a close eye on housing inflation since economic data disappeared during last year’s government shutdown. They warned that changes in owners’ equity rents – a hypothetical measure of what property owners can get for their homes and a key factor in housing market price declines – were not adequately captured, leading to skewed readings.

Food

Tomatoes from Mexico are displayed on a grocery store shelf on July 14, 2025 in San Anselmo, California.

Justin Sullivan | Getty Images

Eating at home was 0.7% more expensive in April than in March, its biggest single-month increase since August 2022. Prices are up 2.9% year-on-year.

Raw beef added 2.7% in April, making prices up 14.5% from a year ago, amid rising cattle prices. Ahead of the hot summer season, frankfurter prices are 10.7% higher than the same month in 2025, lifted in part by a 5.8% month-on-month gain.

Tomatoes – the US’s most imported product, making it the subject of President Donald Trump’s tariffs – rose 15.1% in April. The product is now 39.7% cheaper than last year.

Coffee prices, hit by supply problems, fell 2% in April, extending their 12-month gain to 18.5%.

Shopping

Window coverings cost 8.2% more than last year, up slightly by 0.9% from March to April. Dishes and flatware increased by 1.6% in the month for an annual increase of 15.4%.

Jewelry prices added 3.7% in April, extending their one-year increase to 16.1%. Viewing prices marked slightly higher for the month, creating a year-on-year jump of 8.8%.

Footwear gained 1.4% in March to April, pushing prices up 4.2% from where they were last year.

Services

WOMAN PHOTOS: Clark resident Jen Valencia works for Instacart part-time, packing her SUV after completing two orders at ShopRite on January 8, 2022 in Clark, New Jersey.

Michael Loccisano Getty Images

Inflation also reached service-driven categories.

Video and video game rentals and subscriptions were up 16.6% over last year after rising 2.1% between March and April.

Delivery services increased costs by 4.3% in April. It is now 13.6% higher than the 12-month rate.

Help points

Aerial view, pre-owned vehicles are displayed for sale at a Hyundai dealership on April 7, 2026 in Austin, Texas.

Brandon Bell | Getty Images News | Getty Images

Of course, consumers find rest in other areas.

While smartphones rose 1% in April, they are still 12.4% less expensive than 12 months ago.

Prices for used cars and trucks held steady for the month and were down 2.7% compared to last year.

Menswear, a category that includes suits and sports coats, fell 2% on the month. Prices are 7.1% lower than April 2025.

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