Inflation hits 3-year high as gas price rise and U.S. debt surpasses GDP
Airfind news item
By Art Raymond
Published on April 30, 2026.
A number of federal reports have highlighted concerns about the health of the U.S. economy, with inflation reaching a 3-year high and the country's national debt surpassing GDP. Consumer prices have risen due to fallout from the Iran war and the national debt has exceeded expectations. The Commerce Department's Personal Consumption Expenditure report also revealed that the Consumer Inflation Index rose by 0.7% on a monthly basis in March, reaching an annual rate of 3.5%. Meanwhile, the country’s GDP came in at 2% for the first quarter of 2018, well above an expected 0.5% reading from the final quarter of 2025, but fell short of the 2.2% most economists were expecting. The public portion of the US national debt reached $31.265 trillion as of March 31, with GDP over the previous year's GDP being surpassed by $31,216 trillion. The average price of a gallon of regular is now $4.30, $1.12 per gallon more than a year ago and the highest since July 2022, according to AAA.
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