Inflation Jumps in March as Energy Prices Surge Amid Iran War


Inflation climbed in March as energy disruptions tied to the Iran war drove prices higher, with consumer prices rising 3.3% year-over-year and 0.9% month-over-month.

Energy costs, including gasoline, rose more than 0.9% from February and 3.3% annually, while core inflation increased 0.2% on the month and 2.5% from a year earlier, broadly in line with economists’ expectations.

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