Inflation in the United States rose sharply in March, government data showed Friday, as higher energy prices due to the war in the Middle East hit Americans hard. The nationwide sticker shock put pressure on President Donald Trump, who has ordered peace ...

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,

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.

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

The Bureau of Labor Statistics published new consumer price index data, including data on energy and gas.Andrew Harnik/Getty Images The effects of the Iran war showed up in the latest US inflation reading. Inflation climbed to the highest rate since May ...

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

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 ...

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 ...

U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.