Inflation surges to highest level in nearly 2 years as energy costs spike

(NPR) The U.S. war with Iran and the resulting spike in energy prices have pushed inflation to its highest level in nearly two years.

A report from the Labor Department Friday showed consumer prices in March were up 3.3% from a year ago. That's the biggest annual increase since May of 2024. Prices jumped 0.9% between February and March, with higher gasoline prices accounting for nearly three-quarters of that increase.

Gas prices have jumped by more than a dollar a gallon, on average, since the U.S. and Israel launched their attack on Iran. Pump prices have remained high this week, despite a tentative ceasefire.

https://www.npr.org/2026/04/10/nx-s1-5780604/inflation-consumer-prices-economy