Gasoline jump drives March inflation to 3.3%
March CPI rose 0.9% from February and 3.3% from a year earlier as the Iran war pushed gasoline and other fuel costs higher.
1 min read
Inflation
Gasoline spike lifts March inflation to 3.3% amid Iran war
March CPI rose 0.9% as gasoline prices jumped 21.2%, the biggest monthly gain since 1967, adding pressure to household budgets and other prices.
1 min read
Core PCE inflation stays at 3.0% ahead of March price jump
February’s PCE inflation rose 0.4% on the month and 2.8% year over year, keeping the Fed under pressure as rate cuts move farther away.
2 min read
