Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.

Here’s something no American wants to hear: Prices are surging again, and uncomfortably high inflation could be with us for quite some time.

The Iran war has pushed up gasoline, airline fares and other prices for consumers.

The reading, the first major inflation report since the Iran war began, came in at its hottest level in two years.

The Commerce Department on Friday released the February 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.

The inflation data covers the period before the war the U.S. and Israel launched against Iran, so it doesn't reflect the massive surge in energy prices that took effect during the conflict. Oil prices at one point climbed over $100 a barrel while prices at the pump surged by more than $1 a gallon.

The former transportation secretary said ‘inflation was lower’ when the Biden administration left ‘than it is today’

Inflation picked up pace across the U.S. in March, with prices also climbing in North Texas — though the Dallas-Fort Worth area saw a notable break when it came to housing costs. New data from the U.S.