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Inflation jumped in March, as the U.S. absorbed the economic impact of war with Iran and rising gas prices

Consumer prices jumped 0.9% in March as Iran war sent gas prices soaring

The annual rate of inflation hit 3.3%, led by a 21.2% increase for gasoline — the largest one-month increase at the pump since 1967.

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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