US inflation rises to 3.5%, weakening hopes of early interest rate cuts business live

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From 37m ago 08.33 EDT US inflation rises to 3.5% Newsflash: Inflation across the US rose at a faster pace last month, as the cost of living squeeze continued to grip American households. The US consumer price index rose by 3.5% per year in March, new data shows, up from 3.2% in February. That’s higher than the 3.4% which economists expected. Energy prices rose by 2.1% ove the last year – the first 12-month increase in that index since the period ending February 2023. Food prices were 2.2% higher than a year ago. On a monthly basis, prices rose by...