BlackRock: Middle East War to Push Up US March Inflation

Odaily News According to a report by BlackRock strategists, the impact of high energy prices is likely to be reflected in the US March CPI data to be released on Friday. Economists surveyed by The Wall Street Journal generally expect the US unadjusted CPI annual rate for March to rise to 3.3% from 2.4% in February. The strategists stated that the Middle East war has caused supply chain bottlenecks, which are expected to drive up inflation. (Jin10)