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Americans lament soaring inflation driven by U.S.-Israeli war with Iran

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

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May 12 (Reuters) – U.S. consumer inflation increased further in April, with the annual rate posting its largest gain in three years, heightening political risks for President Donald Trump and his Republican party ahead of November’s midterm elections.

The back-to-back rises in the Consumer Price Index reported by the Labor Department on Tuesday, reflected strong gains in the costs of energy products amid the U.S.-Israeli war with Iran. ‌

Food prices surged last month and inflation also spilled over to the services sector, with higher rental costs and airfares.

Trump won re-election in 2024 in large part because of his promise to reduce inflation, but Americans have soured on his handling of the economy and many blame him for the pain at the pump.

Rising inflation outpaced wage gains for the first time in three years, and underscored the financial strain on households.

With no end in sight to the conflict, economists warned prices would continue to push higher and broaden in the months ahead.

Trump on Monday proposed reducing the 18.4-cent federal gasoline tax to lower prices at the pump.

“Prices are going up everywhere you look and families everywhere are struggling to keep up,” said Janelle Jones, a visiting senior fellow at the Century Foundation.

“Measures like suspending the gas tax will provide short-term relief, but it’s robbing Peter to pay Paul. What families really need is an ⁠end to this war and leaders that are committed to ending the affordability crisis.”

The CPI increased 0.6% last month after surging 0.9% in March, the Labor Department’s Bureau of Labor Statistics said.

Economists polled by Reuters had forecast the CPI rising 0.6%. Estimates ranged from a 0.4% gain to a 0.9% increase.

The moderation after posting the largest increase since June 2022 was mechanical. Oil prices shot above $100 a barrel in March following strikes against Iran, before pulling back to still-high levels after a ceasefire in early April.

While the conflict’s impact was immediately reflected in more expensive gasoline, diesel and jet fuel, economists said the second-round effects were around the corner, including for goods trucked by road. Shipping disruptions in the Strait of Hormuz are straining supply chains.

A 3.8% increase in energy prices accounted for more than 40% of the rise in the CPI last month.

That followed a 10.9% jump in March. Gasoline prices rose 5.4% after a record 21.2% surge in March. Other motor fuels, which include diesel, increased 17.0%.

Consumers also paid higher prices for electricity amid strong demand from data centers to power artificial intelligence.

Food prices accelerated 0.5% after being unchanged in March.

Grocery store inflation shot up 0.7%, the largest increase since August 2022.

Beef prices increased 2.7%, the most since November 2024. Coffee prices rose 2.0%.

Fruits and vegetable prices climbed 1.8% while nonalcoholic beverages cost 1.1% more. There were also strong increases in the prices of dairy and eggs.

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Mum rescued from Venezuela rubble with newborn baby tells BBC how he helped her survive

Tens of thousands more are missing in what the country’s interim president has described as the “most brutal natural catastrophe” in Venezuela’s history.

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A mother who was pulled from the rubble of her wrecked home in Venezuela with her 18-day-old baby has told the BBC of how her son helped keep her alive.

Dayana Patino said her son Juan David gave her “motivation to be awake and alert”.

“As long as he was alive, I was going to be alive. Every now and then I was touching his nose for proof that he was still breathing,” she said.

Footage of the rescue has been shared around the world, with Juan David becoming a symbol of hope in Venezuela, which has been devastated by the twin earthquakes that hit the country on Wednesday – killing at least 1,450 people.

Tens of thousands more are missing in what the country’s interim president has described as the “most brutal natural catastrophe” in Venezuela’s history.

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BREAKING: 11 Killed as Skydiving Plane Crashes Near Tomblaine, France

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A civilian aircraft carrying skydivers plummeted from the sky and crashed near the eastern French town of Tomblaine on Sunday, killing everyone on board in one of the country’s deadliest light aircraft disasters in years, authorities said.

All 11 people aboard — believed to include the pilot and 10 skydivers — died in the crash, local officials confirmed. Emergency services rushed to the scene after reports of the downed aircraft, but found no survivors.

The aircraft went down in a rural area close to Tomblaine, in the Meurthe-et-Moselle department, shortly after takeoff on what was reportedly a routine skydiving excursion. Debris was scattered across the crash site, and a large emergency operation involving firefighters, police, and medical teams is underway.

French authorities have launched a full investigation into the cause of the tragedy. The National Bureau of Investigation and Analysis for Civil Aviation Safety (BEA) has been notified and is expected to lead the probe, examining factors such as mechanical failure, weather conditions, or human error.

“This is a terrible tragedy that has shocked the entire community,” a local official told reporters at the scene. “Our thoughts are with the families and friends of those who lost their lives today.”

Skydiving operations are popular in the region, but light aircraft accidents remain rare. Sunday’s crash ranks among France’s worst involving small planes in the past decade.

More details are expected as the investigation progresses. This is a developing story.

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Zimbabwe’s Parliament Approves Bill to Extend Presidential Terms To Seven Years

Critics say the bill is a ruse for Mnangagwa to stay in ⁠power for longer, though its backers say it will strengthen accountability and foster political stability.

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• Current President Emmerson Mnangagwa

Zimbabwe’s upper house of parliament has approved a bill to extend presidential terms from five to seven ‌years, which will allow current President Emmerson Mnangagwa to remain in office until 2030.

75 senators voted in favour of the draft legislation while four voted against it, above a threshold needed for a two-thirds ⁠majority.

The bill, which also includes a provision for the president to be elected by parliament rather than by direct popular vote, will become law when Mnangagwa signs it.

Evidence that 83 years old Mnangagwa wanted to stay in power beyond the end of his second term in 2028 emerged about two years ago, when his supporters started ‌chanting ⁠slogans at ZANU-PF rallies that he needed more time to complete his agenda.The ruling party last year resolved to change the constitution to prolong presidential terms, and the plan ⁠received cabinet backing in February.President Mnangagwa came to power after a 2017 military coup ousted longtime leader Robert Mugabe, who had been ⁠in power since independence in 1980.

Critics say the bill is a ruse for Mnangagwa to stay in ⁠power for longer, though its backers say it will strengthen accountability and foster political stability.

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