The Consumer Price Index (CPI) shot higher by 0.9% month-on-month (m/m) in March, meeting the Bloomberg consensus forecast. On a twelve-month basis, CPI jumped to a near two-year high of 3.3% (from 2.4% in February). A surge in energy costs accounted for more than three-quarters of the monthly gain in headline, led by a 21.2% […]The post US: Inflation Jumps to a Near Two-Year High in March appeared first on ActionForex.