WATCH: Prices surged in March after oil shock set off by Iran war
Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.
WATCH: Prices surged in March after oil shock set off by Iran war
Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations. Grouped from 7 articles across 6 sources.
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U.S. inflation surges in March on soaring gas prices due to war in Iran
Consumer prices rose 3.3% from a year earlier; on a monthly basis, prices rose 0.9%, the largest such increase in nearly four years
Prices surged in March after major oil shock: BLS inflation report
The Middle East conflict triggered one of the largest oil shocks in decades, and was reflected in Friday's inflation report.
US inflation soars in March as war on Iran drives economy into uncertainty
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffs Sign up for the Breaking News US email to get newsletter alerts in your inbox US inflation soared in March amid the US-Israel war with Iran, with prices up 0.9% compared with last month and 3.3% over the year, according to new data released on Friday. The spike in the consumer price index (CPI), which measures the price of a basket of goods and services, is the largest in nearly two years and the first official measure of how the conflict has affected US consumer prices, particularly as Iran blocked the strait of Hormuz, through which a fifth of the world’s oil and gas would typically pass. Continue reading...
Consumer prices jumped 0.9% in March as Iran war sent gas prices soaring
Surging gas prices pushed inflation to its highest level in two years last month as the war with Iran sent gas prices spiraling.
China’s factory gate prices exit deflation after Iran war shock
Producer price index for the world’s dominant manufacturer turns positive year-on-year for the first time since 2022
Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.
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Energy analysts warn that the Iran ceasefire is not likely to alleviate acute signs of stress in the physical oil market.
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