US inflation rises by most in nearly 4 years as Iran war boosts prices
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Consumer inflation in the United States increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted, further diminishing chances for an interest rate cut this year. The Consumer Price Index (CPI) jumped 0.9% last month, the Labor Department's Bureau of Labor Statistics said on Friday, the largest increase since June 2022, when prices soared in response to the Russia-Ukraine war.





