Businessweek Daily

Today’s Inflation Number Will Have Americans Thinking Back to 2022

The war-induced jump in gasoline prices sparked the biggest increase in consumer prices going back to the pandemic.

EL SEGUNDO, CALIFORNIA - APRIL 08: High gas prices are displayed at a Chevron gas station near the Pacific Ocean on April 8, 2026 in El Segundo, California. California imports approximately 75 percent of its crude oil with nearly one-third of the crude supplied from the Middle East as prices at the pump in the state are averaging $5.93 per gallon today amid the war in Iran.Photographer: Mario Tama/Getty Images

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By Stacey Vanek Smith

April 10, 2026 at 6:37 PM UTC

After today’s inflation report, Bloomberg Businessweek senior writer Stacey Vanek Smith writes that economists and consumers can finally agree on something. Plus: The US financial industry is worried about Anthropic’s new AI model, and Elon Musk is pushing for a change to Black ownership rules in South Africa.

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