Annual US Inflation Rises to Highest Level in Nearly Three Years in March
U.S. inflation accelerated in March 2026, with the personal consumption expenditures (PCE) price index rising 0.7%, the largest gain since June 2022. The 12-month PCE inflation rate reached 3.5%, the highest since May 2023, driven by rising gasoline prices due to the Iran war. The Federal Reserve is expected to keep interest rates unchanged for longer due to the inflationary pressures.
Topics: economic data Federal Reserve gasoline prices inflation PCE price index