CoinWorld News reports that due to the war with Iran causing gasoline prices to soar, the US March seasonally adjusted CPI jumped 0.9% month-over-month, the largest increase since 2022. Data released on Friday shows that the US Consumer Price Index in March rose 0.9% compared to February, with the year-over-year increase rising to 3.3%, the fastest growth since 2024. The US Bureau of Labor Statistics stated that the record surge in gasoline prices contributed nearly three-quarters of the CPI increase for the month. Another measure excluding food and energy costs rose 0.2% month-over-month, indicating a slowdown.

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