US Inflation Seen Spiking in First Snapshot Since Iran War

The sudden increase in US gasoline prices felt by American consumers is set to be on full display in key inflation data due out this coming week.

Economists are penciling in a 1% increase in the consumer price index for March — the sharpest one-month advance since 2022 — after the Iran war pushed gas prices at the pump up by about $1 per gallon.