Higher Gas Prices Caused Inflation To Triple Last Month

Per the CPI report, inflation hit 3.3% in March, and on a monthly basis, consumer prices rose 0.9%.
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'The energy tax': Analysts weigh impact of surging gasoline prices on inflation, consumers

Economists and strategists are taking stock of what surging oil prices mean for consumer spending, inflation, and ultimately, the Federal Reserve's path this year. Gas prices have gone up by nearly $1 ...
KTVU FOX 2

Ditch the federal gas tax for a vehicle weight fee, auto trade group CEO says

Higher fuel efficiency and a lower share of gas-powered vehicles is a bad combination when it comes to paying to repair the ...

Soaring gas prices from Iran war fuels the biggest monthly inflation surge in four years

It’s the first read on inflation to capture the effects of the Iran war. The largest monthly jump in gas prices in six ...
Newsday

Inflation held steady last month, but that was before the attack on Iran sent energy costs soaring

KANSAS CITY — Inflation remained stubbornly elevated last month as gas prices rose, but it's a snapshot of consumer prices before a U.S.-Israeli attack on Iran sent energy costs soaring. Consumer ...
FOX 5 Atlanta

Inflation measure dips to nearly five-year low as gas prices drop, housing costs ease

The Consumer Price Index report highlights that inflation eased more than expected in January. Data released by the Bureau of Labor Statistics on Friday shows that gas prices declined, while grocery ...
The Gazette

U.S. consumer inflation eased slightly in November as gas prices fell, though some costs kept surging

The Gazette offers audio versions of articles using Instaread. Some words may be mispronounced. WASHINGTON (AP) — U.S. inflation ticked down again last month, with cheaper gas helping further lighten ...

March CPI: Energy-Led Inflation Jump Complicates Fed Outlook

March CPI jumps as gas prices surge, lifting inflation to 3.3% and driving a hawkish market reset. Click for this look at the ...