Consumer prices surged in March, most of that owing to the oil shock.
Today’s Consumer Price Index (CPI) report shows prices surged 3.3% over the past year in March. Prices jumped by 0.9% in the past month alone. The spike in prices was largely driven by the energy price shock from Trump’s war with Iran, which has skyrocketed oil prices and pushed gasoline above $4 per gallon. This report is the first full snapshot of…
Inflation has hit record highs in the U.S. thanks primarily to the war President Trump and Israel started on Iran. The most recent consumer price index report reveals inflation rose by 3.3 percent in March from one year ago, with energy prices being hit particularly hard. Gas prices went up a record 21.2 percent in just one month, and energy prices rose…
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…
Bloomberg's Ira Jersey and Greg Daco, chief economist at EY-Parthenon, discuss the the latest inflation data and University of Michigan consumer sentiment report and break down what it says about the US economy and if it changes the Fed's outlook for the rest of the year. Then, Humayun Tai, senior partner and leader at McKinsey Global Energy & Materials…
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 ticked up to 3.3% in March, according to data released Friday by the Bureau of Labor Statistics. The March Consumer Price Index report is the first to reflect the impact of the conflict with Iran. While the 3.3% reading was in line with expectations, inflation had been at 2.4% and on a downward trend ...
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.
The consumer price index (CPI) rose in March as economic shocks ripple through the economy from the war in Iran, the Bureau of Labor Statistics (BLS) reported…
