Follow live news and analysis of the March consumer price index reading, which is due to be released on Friday morning.

The consumer price index is forecast to rise a sharp 0.9% in March, according to economists surveyed by The Wall Street Journal. It would be the biggest increase since June 2022 during the height of the Russian war on Ukraine.

Consumer prices increased by 0.9% last month due to spiraling energy costs from the US-Israeli attack on Iran.

Inflation just hit a two-year high, but Bitcoin (CRYPTO: BTC) rallied instead of crashing. The March CPI report came in at 3.3%, almost entirely driven by surging oil and gasoline prices from the Iran war,

The March CPI jumped by 0.9 percent (equal to market expectations), bringing the 12-month trend rate up to 3.3 percent – the fastest pace since September 2023.

March US CPI inflation is forecast to jump to 3.3% as soaring oil prices from the Iran conflict drive consumer prices up.

Learn about purchasing power, its effect on currency value, and how inflation influences what one unit of money can buy. Understand its significance for investors.

Chief economist Richard Moody of Regions Financial is one of the keener Wall Street observers of inflation, and he's also not buying the official 2.6% yearly rate of core inflation. Moody and other sk