The latest BLS data reveals a 3.3% annual inflation rate, driven by a shocking 10.9% surge in energy costs in March. Learn why prices are rising and what it means for you.

The new CPI report showed headline inflation sped up in March to the highest rate since 2024. The Iran war is affecting gas prices.

Treasuries fell as quickening inflation stemming from the US war on Iran — and the prospect of escalation — eroded wagers that the Federal Reserve will lower interest rates once this year.

Consumer prices in the United States accelerated sharply in March as rising energy costs linked to the Iran conflict pushed inflation further away from the Federal Reserve’s target, even as underlying price pressures remained relatively contained.

A war-driven jump in gas prices helped push US inflation to 3.3% in March, marking the fastest annual pace in nearly two years, new Bureau of Labor Statistics data showed Friday.

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

Sharply rising gas prices drove inflation to 3.3% in March, the highest rate in nearly two years.

While US inflation is on course to return to the Federal Reserve’s 2% target in the first half of 2027, policymakers have little room to cut interest rates this year, according to the International Monetary Fund.

WASHINGTON, April 9 (Reuters) - U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.

Gold was little changed on Thursday as investors held back ahead of key US inflation data and weighed the chances of a lasting ceasefire between Washington and Tehran.

An increasingly fragile ceasefire between the US and Iran is returning the bond market’s focus to inflation and reinforcing expectations that interest rates will stay higher for longer.Risk that higher energy costs will add to already elevated price pressures,