Inflation arrives: “US consumer prices rose sharply in March as the economic recovery gained momentum, marking the start of an expected months-long pick-up in inflation pressures,” says
Gwynn Guilford in The Wall Street Journal. Year-on-year inflation jumped from 1.7% in February to 2.6% in March, the highest figure since August 2018. The key culprit was a 9.1% jump in petrol prices; the sector has yet to recover fully from production problems caused by severe winter storms.