A man at a gas station in Elkridge, Md., on Nov. 12, 2025. Madalina Kilroy/The Epoch TimesThe Federal Reserve’s preferred inflation measure surged in March as U.S. consumers continue to face price pressures amid the war in Iran.March’s annual personal consumption expenditures (PCE) price index inflation advanced to 3.5 percent, from 2.8 percent in February, according to new Bureau of Economic Analysis data released on April 30.
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