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 ...
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…
Consumer prices surged in March, most of that owing to the oil shock.
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…
