Energy Prices Drive Sharp Inflation Increase Inflation has accelerated to its highest level in nearly two years, largely fueled by a dramatic rise in energy costs linked to ongoing geopolitical tensions. According to recent data from the Labor Department, consumer prices climbed 3.3% compared to the same period last year, marking the steepest annual increase since mid-2024. On a monthly basis, prices rose 0.9% between February and March, with gasoline
