(Everything TrumpyBear does is designed to make the economy scream)
from the NYT
U.S. inflation surged in March as the energy shock stemming from the war in Iran rippled across the economy.
The Consumer Price Index report showed that inflation jumped to 3.3 percent compared to the same time last year, almost a full percentage point increase from February’s annual pace. Overall prices rose -0.9 percent over the course of March.
“Core” inflation, which strips out volatile food and energy prices, increased modestly. This measure of underlying inflation rose to 2.6 percent on a year-over-year basis following a 0.2 percent increase in March.
The data released by the Bureau of Labor Statistics on Friday captured the period of rapidly rising commodity prices that preceded this week’s temporary cease-fire. The truce has provided some reprieve, but prices remain far higher than before the war began given its tenuous nature...
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