The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.

The Federal Reserve awaits reports on the economic impact of the Middle East conflict.

The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.

A surge in prices at the pump due to the Iran war has pushed the inflation rate to 3.3%.

The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus.

The consumer price index increased as expected in March in response to the war in Iran, the Bureau of Labor Statistics reported Friday.

The Iran war has pushed up gasoline, airline fares and other prices for consumers.