Tuesday, July 28, 2026
Business

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

Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.

Inflation surges to highest level in nearly two years as energy costs spike
Image: NPR Business

Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.

(Image credit: Joe Raedle)

Originally published at NPR Business

The Morning Briefing

Subscribe to our Newsletter

Be the first to receive the latest news, market analysis and updates — delivered straight to your inbox.