Consumer prices jumped 3.3% in Mar. in response to Iran war
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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.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
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.