US consumer prices rose sharply in March, with headline inflation climbing to 3.3% year-on-year as energy costs spiked in the wake of the Iran war, official data showed on Friday. View on euronews

Consumer prices were up 3.3% in March from a year earlier, the Labor Department said Friday, much hotter than February’s gain of 2.4%. It was the highest reading in two years. But it was also in line with the expectations of economists surveyed by The ...

Even though inflation is hot, the mechanism is demand destruction: higher gasoline/food costs squeeze consumers, slowing growth. That combination typically eventually drives a “growth scare” bid for long Treasuries,

The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.

For the first time in three years, Americans’ wages are no longer outpacing inflation.

Mumbai, May 13 -- The annual inflation rate in the United States accelerated to 3.8% in April from 3.3% in March, the Bureau of Labor Statistics (BLS) said on Tuesday. Month-on-month, the Consumer Price Index (CPI) increased 0.

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.

Gas prices drove inflation in March up by 3.3%, according to the Department of Labor’s Consumer Price Index for last month. The data, released Friday, showed that the gas index increased by 18.9%—which isn’t surprising, since the Iran war has driven ...

The March inflation numbers reflect a 0.9% month-over-month rise and a 3.3% year-over-year increase. NBC News' Brian Cheung reports on how the Iran war impacted the ...