Inflation rises to 3.3% on the year, food up 2%, highest in 2 yrs

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The government's latest prices report card is giving the US economy an 'F' - that means most of the things you buy every day are getting much more expensive.

It [embed]showed prices jumped by almost 1 percent last month, pushing the yearly inflation rate up to 3.3 percent, its highest level in two years.[/embed]

The Iran war is the main culprit behind the failing grade, as fighting in the Middle East sent energy prices soaring, up nearly 11 percent, according to the March inflation report.

Data from AAA shows the national average US gasoline price surpassed $4 a gallon last month, for the first time in four years. 

But this 'war tax' is hitting more than just your gas tank: Grocery bills are creeping up again, with food prices gaining 2 percent over the last year.

This is partly because it costs more to truck the food to the store and partly because fertilizer prices are spiking.

When it costs more for truckers to deliver your food to market, you're the one who ends up paying extra at the checkout line.

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