Inflation reached 3-year high last month as Iran war spikes gas prices

US consumer inflation expectations surged in March to levels not seen in seven months, reaching a 3-year high. This spike follows rocketing energy prices triggered by war in the Middle East. Survey data released Tuesday indicates that gasoline costs jumped significantly after US-Israeli strikes on Iran plunged the region into conflict. Officials are now monitoring how American households respond to these intense price pressures as the financial squeeze on consumers increases across the United States.