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Core inflation, which excludes volatile food and energy costs, rose 2.6% as higher oil costs had yet to fully ripple through other sectors.

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March CPI report: Inflation surged followed start of Iran war

The Labor Department will likely confirm what most consumers have been feeling. Its official March reading of inflation is expected to rise sharply.

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Inflation surged in March

Prices rose 3.3% in March compared to a year earlier, a steep rise after an oil shock triggered by the U.S.-Israeli war with Iran

S&P 500 ticks higher Friday as benchmark wraps up big week following fragile Iran ceasefire: Live updates

Goldman’s “unwavering” support for the Middle East underscores its lure for Wall Street despite the war