AP NewsWatch 10:30 a.m.

0:00I'm Marcela Sanchez with an AP News Minute. A key inflation measure jumped last month as the Iran War sent gas prices soaring. AP Washington correspondent Sagar Magani reports, Consumer prices rose 0.7% from February, compared with a year ago they were up 3.5%, the biggest hike in nearly three years. Gas prices jumped nearly 21% in March from the previous month. It's the latest sign the Iran War is boosting living costs. In the near term, higher energy prices will push up overall inflation. Beyond that, the scope and duration of potential effects on the economy remain unclear. As does the future course of the conflict itself. Federal Reserve chair Jerome Powell said yesterday the war is adding to economic uncertainty. The government says the economy did expand modestly in the first quarter, but the war is clouding the outlook. Sagar Magani Washington. And I'm Marcela Sanchez.