NEWARK, NEW JERSEY - MAY 13: People walk through downtown Newark, where approximately 23.4% to 27% of its residents currently live in poverty on May 13, 2026, in Newark, New Jersey. 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)