President Donald Trump promised to lower costs on his first day in office. Here’s how it’s going so far. Just How Bad Is Inflation Now? Inflation surged in March, largely driven by an increase in ...

Current 12-month inflation at 3.8%, just above the Fed's 2% target. Core inflation, minus food and energy, increased to 2.6% from last year. Energy inflation spiked 17.9%, driven by the Iran conflict.