Inflation soars to hottest levels in two years as war in Iran drives gasoline prices higher
Inflatie
Inflation ramped up in March to the hottest levels since May 2024 as higher energy prices seeped through the economy – putting another dent in the Federal Reserve’s path to interest-rate cuts. The Consumer Price Index rose 3.3% in March over the past 12 months – a sharp rise from 2.4% the previous mont h, the Bureau of Labor Statistics said Friday. Core CPI – which excludes volatile food and energy prices – is up 2.6% over the year, up from 2.5% in February. The hotter inflation report was
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