Consumer prices jumped 3.3% in Mar. in response to Iran war
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The Iran war has pushed up gasoline, airline fares and other prices for consumers.
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.
The headline CPI figure rose to 2.9% year-over-year, up from 2.7% in July and in line with expectations. This is the highest level since January and marks the fourth consecutive month inflation has accelerated. On a monthly basis, prices rose 0.4%, up from ...