Inflation in the United States climbs to 3.3% in March due to the impact of the Middle East conflict
Workers laboring on a construction site in New York (USA). Photo: EFE/Justin Lane
TL;DR
- US inflation reached 3.3% in March, accelerating from 2.4% in February.
- Fuel prices, particularly gasoline, drove the increase, with a 21.2% jump between February and March.
- The global energy market is affected by tensions in the Middle East, impacting oil and gas transit through the Strait of Hormuz.
- Core inflation, excluding food and energy, rose slightly to 2.6%.
- The Federal Reserve chairman suggested the conflict could delay the goal of 2% inflation.
- The Trump administration described the disturbances as temporary, highlighting economic strengths and specific price reductions.
- Analysts predict rising energy costs will pressure household budgets and potentially increase food and transportation prices.