Inflation Surges to 3.3% as Middle East Conflict Spikes Energy Prices

As largely expected, inflation has surged this past month.  The Consumer Price Index (CPI) grew 0.9% from February to March, with annual inflation at 3.3%. This is a drastic increase from the 0.3% increase seen in February, when annual inflation was 2.4%. Separately, another measure of inflation through the Personal Consumption Expenditures (PCE) price index…

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