March CPI Forecast to Reflect Surge in Energy Prices from Iran War
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The March inflation report is expected to show a jump in inflation driven by higher energy prices due to the Iran war. Economists forecast a 0.93% month-over-month increase in the Consumer Price Index, with energy prices rising 10.6% in March.
The March inflation report is expected to reflect a surge in energy prices. Economists forecast a 0.93% month-over-month increase in the Consumer Price Index. Energy prices are expected to have risen 10.6% in March. The conflict in the Middle East has put pressure on wholesale energy prices. Tariffs are also expected to contribute to CPI growth. The Federal Reserve is expected to keep interest rates unchanged.
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