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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.
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Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
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Fragile U.S.-Iran ceasefire in focus; CPI ahead - what's moving markets Investing.comS&P 500 futures tick higher Friday with benchmark wrapping up big week from fragile Iran ceasefire: Live updates CNBCStock market today: Dow, S&P 500, Nasdaq futures stall in cautious wait for inflation print, Iran peace talks Yahoo FinanceStock Market Today: Dow Wavers Ahead Of CPI Inflation Data; Nvidia Chipmaker TSMC Jumps (Live Co
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Still-high oil prices have investors wondering which areas could help keep the market moving higher after Wednesday's rally.
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