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Inflation surged in March, rising at a 3.3% annual rate as the Iran war drove up energy prices.

CPI report shows inflation surged in March as Iran war drove up energy costs

Inflation ran hot in March because of higher fuel costs tied to the Iran war, which has constrained the global flow of oil.

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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

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