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Inflation surges to highest level in nearly two years as energy costs spike

Gasoline prices jumped more than a dollar a gallon in March, pushing inflation higher.

Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.

(Image credit: Joe Raedle)

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Scott Horsley

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