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Politics
Rising fuel costs push US inflation to three-year high
May 2, 2026
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Posted 5 hours ago by
WASHINGTON, D.C.: A sharp rise in fuel costs pushed a key U.S. inflation measure to its highest level in nearly three years in March, underscoring the economic impact of the Iran war and complicating the Federal Reserve's policy outlook. The inflation gauge tracked by the Fed rose 0.7 percent in March from the previous month, a significant increase, the Commerce Department said on April 30.
Compared with a year
Iran Herald
Coverage and analysis from Iran. All insights are generated by our AI narrative analysis engine.
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Bias: center
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