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The U.S. annual inflation rate rose to 3.3 percent in March, driven almost entirely by a spike in energy prices, according to the Bureau of Labor Statistics.
This is the highest level since May 2024.
The 12-month core inflation rate, which removes volatile energy and food prices, edged up to 2.6 percent, from 2.5 percent.
Core inflation came in below the consensus forecast of 2.7 percent.
This is a developing story. Please check back for further updates.
…
This is the highest level since May 2024.
The 12-month core inflation rate, which removes volatile energy and food prices, edged up to 2.6 percent, from 2.5 percent.
Core inflation came in below the consensus forecast of 2.7 percent.
This is a developing story. Please check back for further updates.
…
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