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Inflation Soared to 3.3% in March, Driven by Higher Gasoline Costs – WSJ

Inflation Soared to 3.3% in March, Driven by Higher Gasoline Costs – WSJ

Consumer prices soared in March, pushed higher by skyrocketing gasoline prices. The numbers

Consumer prices were up 3.3% in March from a year earlier, the Labor Department said Friday, much hotter than February’s gain of 2.4%.

It was the highest reading in two years. But it was also in line with the expectations of economists surveyed by The Wall Street Journal. Inflation Soared to 3.3% in March, Putting the Fed in a Tight Spot You may also like Your browser does not support HTML5 video.

Consumer Spending, Engine of the U.S. Economy, Is Under Strain – The New York Times

Consumer Spending, Engine of the U.S. Economy, Is Under Strain – The New York Times

Angie Howard lives in a walkable neighborhood in Portland, Ore., and works from home, so she has not had to shell out for higher gas prices since the war in the Middle East began. Still, Ms. Howard, who lives alone, said she had noticed costs jumping all around her anyway. “You go into the grocery store, you buy the things you normally would, and then all of a sudden it’s $20 or $30 more there, and you start to see additional fuel charges,” she said. “And at the end of the week, where you would normally have two nickels to rub together, now they’re not there.”

Map: Green Mountain National Forest North