US inflation rises 3.3% year-on-year in March

U.S. consumer prices increased by the most in nearly four years in March ​as the war with Iran boosted oil prices ​and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year. The Consumer ​Price Index jumped 0.9% last month, the Labor Department's Bureau of Labor Statistics said on Friday, the largest increase since June 2022 when prices soared in response to the Russia-Ukraine war. Consumer prices rose 0.3% in February. In the 12 months through M...