NEW YORK, NEW YORK - MAY 12: A man stands with a laundry basket in Brighton Beach in Brooklyn on May 12, 2026, in New York City. Newly released data from the Labor Department's consumer price index showed that inflation rose 3.8% from April 2025. The rise in prices for fuel, food, and other essentials for millions of Americans comes as a 10-week war with Iran continues to be a drag on both the domestic and international economy. (Photo by Spencer Platt/Getty Images)