US inflation rose to 3.3% in March on Middle East energy shock
Surge in prices highest since May 2024 as Iran conflict triggers historic surge in petrol prices
Surge in prices highest since May 2024 as Iran conflict triggers historic surge in petrol prices

April figure marks highest level in three years as effects of conflict reverberate through US economy

Figure comes as Middle East war has triggered a surge in energy prices

Costs at the pump exceed level at the end of the Biden administration

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Middle East war to push American price growth to ‘highest in G7’

FT-Booth Survey shows unease about impact of the conflict on growth and prices