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submitted 3 hours ago by MicroWave@lemmy.world to c/news@lemmy.world

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.

On a monthly basis, prices rose 0.9%, triple the 0.3% pace seen in February, when inflation was 2.4%, the latest Consumer Price Index data showed.

Gasoline prices, which rose a record 21.2% during the month, accounted for nearly three-quarters of the overall monthly increase.

Economists had expected prices to jump 0.9% from the month before and for the annual rate to climb to 3.4%, according to FactSet.

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[-] Buffalox@lemmy.world 1 points 13 minutes ago

I bet in a couple of years Americans will look back to this as the good old days.

[-] ExLisper@lemmy.curiana.net 2 points 48 minutes ago

Everyone get your mortgages while they are still cheap. If you're planning on buying pretty much anything buy it now. Get a new EV, new computer, new boat and do that renovation in your summer house you've been postponing all this time. Everything is about to become way more expensive.

this post was submitted on 11 Apr 2026
70 points (100.0% liked)

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