US inflation jumps in March as oil surge clouds rate outlook

WASHINGTON, D.C., U.S.: A sharp rise in fuel costs pushed U.S. inflation higher in March, complicating the Federal Reserve's path on interest rates and raising fresh concerns about pressure on household spending.

The Consumer Price Index jumped 0.9 percent last month, the Labor Department's Bureau of Labor Statistics said on April 10, the largest increase since June 2022, when prices soared in response to the Ru