US Inflation Rises to 3.3% in March
US prices rose 3.3% in March compared to last year. This was the highest annual rise since May 2024.
Energy prices rose due to the Iran conflict. Higher gasoline costs drove much of the price rise. Monthly prices also rose 0.9% from February to March.
Klear Note — Inflation measures how fast prices rise for things people buy. The Federal Reserve tries to keep inflation around 2% yearly.
Key Terms 2
- inflation when prices rise and money buys less than before
- Iran conflict ongoing war involving Iran affecting global oil supplies