U.S. consumerinflation reaches three-year high

U.S. consumer inflation hit a three‑year high in early 2024, with the Consumer Price Index (CPI) rising 3.2% year‑over‑year in March, driven by higher gasoline, housing and food costs. The increase marked the strongest pace since 2021 and prompted the Federal Reserve to keep interest rates elevated to curb price pressures. Views Nigeria