Consumers expect prices to rise at an annual rate of 3.9% over the next five to 10 years, up 0.4 percentage point from the prior month and the highest in more than three decades. They saw costs rising at an annual rate of 4.9% over the next year, up from 4.3% and the highest since 2022.

U.S. consumer sentiment plunged to a nearly 2-1/2-year low in March and inflation expectations soared amid worries that President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices and undercut the economy.

President Donald Trump has moved forward with tariffs against Mexico, Canada and China. Here are what's impacted

He said the introduction of 25% tariffs on steel and aluminium imported in the US on Wednesday was "disappointing". Speaking at an NI Bureau breakfast event in Washington DC, Benn said he didn't want Northern Ireland to be caught in the middle.

Alberta's beer industry is paying close attention to the tariff war over aluminum. Microbreweries sell the majority of their products in either tall, short or skinny cans -- all made of the lightweight metal.