Inflation watch: High oil prices boost the cost of imports again. How long will the pain last?

The cost of imported goods rose sharply in March for the third month in a row, heralding further increases in U.S. inflation in the next few months, mostly due to higher oil prices.

​The cost of imported goods rose sharply in March for the third month in a row, heralding further increases in U.S. inflation in the next few months, mostly due to higher oil prices.