
U.S. inflation surged in March, according to data released Friday, April 10, pushing price growth back to levels Americans last saw during the former president Joe Biden era in 2024. The Consumer Price Index rose 3.3 percent over the previous 12 months, up sharply from 2.4 percent in February, while prices jumped 0.9 percent in a single month, the biggest monthly gain since June 2022.
That headline number matters politically because it places inflation back near the range that dominated economic debate during Biden's 2024 reelection stretch.