Read more live updates below.Trump Admin Struggles To Spin Inflation Numbers As Iran War Impacts Start To HitData released by the Labor Department Friday shows consumer prices in March were 3.3% higher than the year prior and up 0.9% from February, the largest monthly increase in four years. Not helping matters, gas prices increased more last month than they have in around 60 years.The White House, however, is telling Americans not to worry, claiming prices will only keep soaring for a little while.“President Trump has always been clear about short-term disruptions as a result of Operation Epic Fury, disruptions that the Administration has been diligently working to mitigate,” Kush Desai, a special assistant to the White House senior deputy press secretary, said.Desai then pointed to a very limited number of goods where costs have decreased from this time last year, including egg prices, which he hailed as an indication that other “household essentials” are also going down in price. (Trump’s top economic advisor, Kevin Hassett, laid out a similar argument on Fox News this morning — and immediately got called out for it.)Economists are bracing for a broad increase in costs in the coming months as increased energy prices trickle through the economy. Right now, consumers see the immediate effect of the fuel crisis when they fill up their cars. As the cost of shipping groceries and other goods via diesel-fueled trucks rises, so too will the price of those items.See All UpdatesClose