Gasoline drives up U.S. consumer prices; inflation likely peaked | Hellenic Shipping News Worldwide
U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia’s war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month. The surge in prices reported by the Labor Department on Tuesday culminated ...