Inflation

Fed’s Preferred Inflation Measure Rises to 3.5 Percent in March Amid Iran War

The Iran war has sharply increased global energy prices.
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Fed’s Preferred Inflation Measure Rises to 3.5 Percent in March Amid Iran War
A man at a gas station in Elkridge, Md., on Nov. 12, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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The Federal Reserve’s preferred inflation measure surged in March as U.S. consumers continue to face price pressures amid the war in Iran.

March’s annual personal consumption expenditures (PCE) price index inflation advanced to 3.5 percent, from 2.8 percent in February, according to new Bureau of Economic Analysis data released on April 30.

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Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."