Prices were expected to rise in the coming months due to the ripple effects of the US-Israeli war with Iran. On a monthly basis, prices rose 0.9%, triple the 0.3% pace seen in February, when inflation was 2.4%, the latest Consumer Price Index data showed. Economists had expected prices to jump 0.9% from the month before and for the annual rate to climb to 3.4%, according to FactSet. Ripple effects from the Iran war, which began in late February, have swiftly set back progress on inflation while amplifying longstanding affordability concerns. On an annual basis, that closely watched index of underlying inflation rose 2.6% from 2.5% in February.

Source: CNN April 11, 2026 05:49 UTC