A war-driven jump in gas prices helped push US inflation to 3.3% in March, marking the fastest annual pace in nearly two years, new Bureau of Labor Statistics data showed Friday.

The key measure of US inflation rises its highest level since May 2023 as consumers feel the impact of the Iran war.

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

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 ...

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

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 ...

Even though inflation is hot, the mechanism is demand destruction: higher gasoline/food costs squeeze consumers, slowing ...

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 ...