Surging gas prices pushed inflation to its highest level in two years last month as the war with Iran sent gas prices spiraling.
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation soared in March amid the US-Israel war with Iran, with prices up 0.9% compared to last month and 3.3% over the year, according to new data released Friday.The spike in…
Prices in the United States skyrocketed by a staggering 0.9% in March, or by 3.3% when compared to a year earlier, according to a new report from the Bureau of Labor Statistics (BLS) published on Friday that took into account the market effects of the U.S. war against Iran, the “largest annual increase since May 2024,” The Wall Street Journal reported.The…
Vice President Vance heads to Pakistan today, where he faces his biggest challenge yet, as he leads U.S. negotiations with Iran amid the fragile ceasefire. President Trump’s special envoy Steve Witkoff and son-in-law Jared Kushner will also be part of the talks. As the war hits its sixth week, inflation prices for March surged to…
Inflation ramped up in March amid the war in Iran as higher energy prices seeped through the economy – putting another dent in the Federal Reserve’s path to interest-rate cuts.
Donald Trump's approval rating has dropped three points, according to the latest Daily Mail/JL Partners survey as voters remain wary of the Iran war.
When President Donald Trump announced the ceasefire with Iran and the reopening of the Strait of Hormuz on Tuesday, the oil market immediately reacted, showing a sharp drop in the price per barrel, while regular gas prices have been slower to adjust to the news. Immediately following news of the ceasefire brokered between the United…
WASHINGTON (AP) — The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Consumer prices rose 3.3% in March from a year earlier, the Labor…
Consumer prices surged in March, most of that owing to the oil shock.
