WASHINGTON (AURN News) — The U.S. economy continues to get hammered by inflation, and new numbers from the federal government show that the war with Iran is taking a toll.
The Bureau of Labor Statistics released the latest Consumer Price Index, showing a 0.9% increase in March. This follows a 0.3% increase in February, with the index now at 3.3%.
Energy saw big increases, rising 10.9% in March. And gasoline increased a whopping 21.2%. Electricity rose 0.8%, and the fruits and vegetables index increased 1%.
The CPI is a key gauge of the economy’s health and stability. It shows how expensive everyday items are getting, such as food, rent and clothing.
Click play to listen to the AURN News report from Jamie Jackson:
