US inflation surges 3.3% as Iran war impact bites

US inflation surged to 3.3% year-over-year in March, driven by a 21.2% increase in gasoline prices due to the ongoing conflict with Iran. This rise impacts American consumers heavily and puts pressure on policymakers as they navigate economic challenges ahead of mid-term elections. Economists warn that further price increases are likely, particularly affecting middle and lower-income households already strained by rising energy costs.

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