US Inflation Reaches Four-Year High Amid Rising Oil Prices and Tariffs
US prices saw their largest increase in nearly four years in March, driven by a surge in oil prices attributed to the war with Iran and the ongoing impact of tariffs. This marks a significant rise in inflation for the country.
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U.S. Inflation Surged in March as Iran War Pushed Up Prices
Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
By Colby Smith
Read full article →Gas prices had their biggest monthly spike ever in March
Gas prices rose by more than 20% in March. Mario Tama/Getty Images Gas prices increased 21.2% between February and March, the highest jump on record. Gas prices are volatile, but the new data shows the effects of the Iran war are prominent. This likely won't be the only month with high gas prices. The Iran war has led to a record high increase in gas prices. New consumer price index data showed gas prices climbed 21.2% over the month in March. That broke the previous record one-month incre...
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