"The energy shock from the Iran war pushed consumer prices to their highest level in nearly two years, with the Consumer Price Index rising 3.3 percent from a year earlier."
"Energy prices surged 10.9 percent from the previous month, led by a 21.2 percent jump in gasoline, the biggest monthly increase since federal tracking began in 1967."
"Brent crude climbed from $73 a barrel before the conflict to $95.88 on Friday morning, while average U.S. gas prices hit $4.15 a gallon, according to AAA."
"Core inflation, excluding food and energy, rose a milder 2.6 percent annually, but still well above the target inflation rate of 2 percent."
In March, the U.S. inflation rate increased significantly, with the Consumer Price Index rising 3.3 percent year-over-year, up from 2.4 percent in February. This surge was primarily driven by a 10.9 percent increase in energy prices, particularly a 21.2 percent rise in gasoline prices, marking the largest monthly increase since 1967. Brent crude oil prices rose from $73 to $95.88 per barrel. Core inflation, excluding food and energy, increased by 2.6 percent annually, remaining above the target rate of 2 percent.
Read at The American Conservative
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