The latest report shows United States inflation climbed to 3.8% in April 2026, the highest level in nearly 3 years. Rising gasoline and energy costs tied to the Iran conflict are major drivers. As of May 2026, national average gas prices have climbed to about $4.55/gallon — up from roughly $3.12 on Inauguration Day in January 2025. Today, the average Colorado household is estimated to spend more than $20,000 more per year on necessities compared to pre-COVID levels. Colorado