US consumer prices climb 3.3% in March as Middle East tensions raise gas costs

news.yahoo.co.jp (Japanese)

US consumer prices rose sharply in March, driven by surging gasoline costs due to Middle East tensions. The Consumer Price Index (CPI) increased by 0.9% from February, the largest monthly jump since June 2022. Year-over-year inflation reached 3.3%, the highest since May 2024. While core inflation remained moderate, the surge in energy prices is impacting expectations for Federal Reserve interest rate cuts.


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US consumer prices climb 3.3% in March as Middle East tensions raise gas costs | News Minimalist