Stagflation Fears Grow as CPI Spikes to 3.3% in March
Fresh economic data is intensifying concerns that the global economy, particularly the U.S., may be drifting into a stagflationary environment. March inflation surged more than expected, while growth indicators continue to soften, creating a difficult backdrop for policymakers. Consumer prices climbed 3.3% year-over-year in March, a sharp increase from 2.4% in February and the highest reading in nearly a year. On a monthly basis, inflation rose 0.9%, marking the fastest pace in almost two years. Core inflation, which excludes volatile food and energy prices, also ticked higher to 2.7%. A major driver behind this spike has been energy costs as geopolitical tensions, especially involving Iran, have pushed fuel prices…
