The Consumer Price Index (CPI) regularly measures the change in the prices paid by consumers in the U.S. for a representative basket of goods and services.

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

March CPI inflation jumped as oil prices soar amid the Iran war, but core CPI was relatively tame. The S&P 500 has a seven-session winning streak.

CNBC's Rick Santelli reports on the March CPI data, which met the Dow Jones consensus estimate of 3.3%.

According to the Consumer Price Index (CPI) the inflation index for all items jumped 3.3% in March, up from the 2.4% annual increase recorded in February. Month over month, the all-items index rose 0.9% in March, up from a 0.3% increase a month prior. This is the largest monthly increase in nearly four years.

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.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent on a seasonally adjusted basis in March, after rising 0.3 percent in February, the U.S. Bureau of Labor Statistics reported today.

By Lucia Mutikani WASHINGTON, April 10 (Reuters) - U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted,

The latest CPI data takes the pressure off the Reserve Bank of Australia to raise interest rates at its next policy meeting. The consumer price index rose 2.3% from a year earlier in December, compared with 2.4% in November, the national statistics office said.