Inflation surged in March as Iran war drove up energy costs

Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.

• Apr 10

Inflation surges in March, fueld by Iran war

Inflation rose by 3.3% in March compared to one year ago, the Labor Department reported Friday, the highest such increase since May 2024. That rise was driven by a 21% spike in gas prices in March from the previous month. Jo Ling Kent has details.

• Apr 10
• 2:12

What's behind inflation in March?

The latest inflation numbers are out, and they show prices jumped last month, due to the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.

• Apr 10
• 2:49

Platner leads Mills in Maine, polls show

Bloomberg's Mario Parker and Axios' Alex Isenstadt join "The Takeout" to discuss the midterms, Melania Trump and more.

• Apr 10
• 6:01

Why inflation surged in March

The Consumer Price Index in March rose 3.3% compared to a year ago, the highest in nearly two years. CBS News' Kelly O'Grady explains what's causing the surge in inflation.

• Apr 10
• 2:37

MoneyWatch price tracker shows how much food, utility, housing costs are rising

These charts track prices consumers pay for groceries and other goods now compared to five years ago.

• Apr 10

CPI report may show inflation hitting 2024 levels amid soaring gas prices

Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.

• Apr 9

Chicago Fed's Goolsbee says he sees inflation as risk to 2026 rate cuts

Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.

• Apr 3

Stocks end mixed as crude oil prices rise

Wall Street had a shaky start to the week on Monday, as U.S. stocks ended mixed and crude oil prices stayed above $100 a barrel. Yahoo Finance senior reporter Brooke DiPalma joins to discuss.

• Mar 30
• 3:24

Farmers feel financial pain from Iran war

American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.

• Mar 28
• 2:16

Consumer confidence slides amid concerns over the Iran war

Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.

• Mar 27

Iran war fallout raises odds of a U.S. recession, economists say

Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.

• Mar 27

Mortgage rates rise as Iran war heightens U.S. inflation fears

Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.

• Mar 19

Analysts warn oil prices could keep climbing as Iran war intensifies

Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.

• Mar 19

What's behind Fed's interest rate decision

The Federal Reserve left U.S. interest rates unchanged for a third consecutive time on Wednesday. CBS News coordinating producer Richard Escobedo has more.

• Mar 18
• 3:59

Economic uncertainty fuels Fed's rate decision

The Federal Reserve left its benchmark interest rate unchanged on Wednesday, citing economic uncertainty, including potential impacts from the war in Iran. CBS News coordinating producer Richard Escobedo has the details.

• Mar 18
• 2:33

Dow closes down after Fed holds rates steady

The stock market responded negatively on Wednesday after the Federal Reserve left its benchmark interest rate unchanged for a second straight policy meeting. CBS News MoneyWatch correspondent Kelly O'Grady has more.

• Mar 18
• 4:06

Goldman warns of Iran war's economic repercussions

Since the start of the Iran war, gas prices have increased by 27%, and diesel prices have increased by 34%. Justin Wolfers, professor of public policy and economics at the University of Michigan, joins to examine the potential impact of the war on the overall economy.

• Mar 17
• 5:14

How rising diesel prices may affect inflation

For American drivers, the cost of the war with Iran is already showing up at the pump. But there's a bigger warning light flashing for the economy: diesel. Kelly O'Grady explains.

• Mar 12
• 2:37

Inflation held steady in February before Iran war drove up gas prices

The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.

• Mar 11

CPI climbs 0.3% in February, as expected

The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.

• Mar 11
• 2:47

February inflation numbers hold steady

February's CPI report shows inflation held steady. Erin Delmore, a geoeconomics correspondent, joins to break it down.

• Mar 11
• 4:04

Stocks sink as oil prices sizzle and U.S. hiring fizzles

Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.

• Mar 6

Iran war hits housing market as mortgage rates rise to 6%

Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.

• Mar 5

Target to invest $2 billion in AI, stores, staffing as it seeks to reverse slump

Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories.

• Mar 3

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