U.S.NewsAPI
Record gas price surge fuels sharp rise in U.S. inflation - Honolulu Star-Advertiser
Overview
U.S. consumer prices jumped in March by the largest monthly amount in nearly four years after a record, war-related surge in gasoline and diesel costs, and that fuel-driven trend continued into April when CPI rose 3.8% year-over-year. The persistence of the fuel shock is complicating the central bank's outlook, eroding real wages, and placing extra strain on schools and public budgets.
Entities
ORGHonolulu Star-AdvertiserLOCUnited StatesLOCIranLOCWashingtonHonolulu
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