Inflation may jump by most in nearly 4 years as gas prices spike in wake of Iran war

apnews

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Original Report

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WASHINGTON (AP) — Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House. Inflation probably rose to 3.4% in March compared with a year ago, economists estimate, which would be a sharp increase from February’s 2.4% increase. On a monthly basis, prices are forecast to have risen 0.9% in