Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

Consumers’ views sour on business conditions and personal finances, and inflation expectations soar.

The university's headline index of consumer sentiment tumbled to 47.6, down 10.7% from March to its lowest on record.

The war in Iran is prompting states across the country to consider temporarily cutting fuel taxes, a relief measure that could cost them millions of dollars.