WASHINGTON — The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, creating major challenges for the inflation-fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Gas prices are displayed at a Costco store, Wednesday, April 8, 2026, in Niles, Ill. (AP Photo/Erin Hooley)
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Pantry staples, including infant formula and dairy products, are sold at a market serving the Central American immigrant community in the Westlake/Pico Union area of Los Angeles, Tuesday, April 7, 2026. (AP Photo/Damian Dovarganes)
