US inflation soars 3.3% in March amid rising energy prices

US inflation surged 3.3% year-on-year in March, driven by rising prices amid the ongoing US-Israel war with Iran. The consumer price index increased 0.9% from the previous month, with energy prices climbing 10.9%. This marks the largest spike in inflation in nearly two years, highlighting economic uncertainty amid geopolitical tensions.

Read full article on The Guardian Australia →

Summary by Glance · Original reporting by The Guardian Australia