UK media: US inflation surges to its highest level in nearly two years, with consumer prices rising 3.3% year-on-year in March, a significant acceleration from February's 2.4%, marking the largest monthly increase since 2022.
This round of inflation is primarily driven by the closure of the Strait of Hormuz due to the Iran-US conflict, leading to a sharp spike in oil prices. Gasoline prices jumped 21.2% month-on-month—the largest increase since records began in 1967—while fuel oil prices rose over 30%, reaching their highest level since February 2000.
Rising energy prices accounted for nearly three-quarters of the inflation increase between February and March. California faces particularly severe conditions, with average gas prices reaching $5.93 per gallon (approximately ¥10.7 per liter), compared to a national average of $4.16.
Original article: toutiao.com/article/1862093310993483/
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