US CPI Inflation Set to Jump in March, Putting an End to Gradual Two-Year Decline
BeInCrypto
US inflation is projected to spike in March due to rising crude oil prices caused by geopolitical tensions in the Middle East.Summary
The US Bureau of Labor Statistics is expected to report a significant increase in the March Consumer Price Index (CPI), with annual inflation potentially reaching 3.3%. This surge is largely attributed to the sharp rise in crude oil prices following military escalations involving the US, Israel, and Iran. While core inflation remains relatively shielded, ongoing uncertainty regarding Middle East stability continues to fuel concerns about persistent inflationary pressures and may influence future Federal Reserve interest rate policy.
(Source：BeInCrypto)