Consumer prices rose 3.3%, up from 2.4% in February
Prices rose 2.8% in the month
The latest number was downgraded from the Commerce Department's previous Q4 estimate of 0.7%
The manufacturing sector has shed 51,800 jobs over the previous 12 months
Impact of Iran war threatens to derail spending after 'solid' report
Gross hires decline to lowest level since the pandemic
Americans see higher inflation ahead, are less optimistic about stock prices
The war on Iran is estimated to have cost the U.S. more than $12B so far
Fed officials expect the Iran war will worsen inflation this year, but have little impact on economic growth
The year-over-year increase was the most since February 2025