Inflation rose in March to the highest rate in 2 years as the Iran war lifted energy prices

Inflation rose in March to the highest rate in 2 years as the Iran war lifted energy prices

The Bureau of Labor Statistics published new consumer price index data, including data on energy and gas. Andrew Harnik/Getty Images The new CPI report showed the inflation rate sped up in March from 2.4% to 3.3%. Economists expected inflation of 3.4% due to higher energy prices. The US-Iran ceasefire isn't reflected in the new report. The effects of the Iran war showed up in the latest US inflation reading. Inflation climbed to the highest rate since May 2024. The consumer price index incr...