US EditionUS Inflation Rose to 3.3% in March, Driven by Rising Fuel Costs
The surge in gasoline prices, which rose 21.2% and accounted for nearly three-quarters of the monthly increase, is creating challenges for the Federal Reserve and the White House.
- On Friday, the Bureau of Labor Statistics reported consumer prices rose 0.9% in March, pushing annual inflation to 3.3%, driven by a 21% gasoline price spike.
- Global energy prices surged after Iran's de facto blockade of the Strait of Hormuz began in late February, constraining crude oil flows and triggering the energy shock.
- Excluding volatile food and energy components, 'core' inflation rose a modest 0.2% for the month and 2.6% from a year ago, indicating underlying price pressures remain contained.
- Traders have dialed back expectations for Federal Reserve interest-rate cuts this year, while Federal Reserve Chair Jerome Powell noted policymakers remain attentive to risks amid the energy shock.
- Economists warn that higher energy costs will likely ripple through energy-intensive industries like airlines and shipping in coming months, further eroding purchasing power for U.S. households already stretched by elevated costs.
202 Articles
202 Articles
Trump aides caught with pants down as Iran war gooses inflation
New data from the US Bureau of Labor Statistics showed that inflation soared in March thanks in large part to increased energy costs stemming from President Donald Trump’s war with Iran. According to the BLS, the Consumer Price Index (CPI) posted a month-over-month gain of 0.9% in March, led by a 10.9% increase in energy prices including a […] The post Trump aides caught with pants down as Iran war gooses inflation appeared first on Asia Times.
Oregon Capital Chronicle
Gas prices soar by 21% as government inflation figures reflect Trump’s war on Iran
An Indianapolis gas pump shows prices over $4 a gallon on Tuesday, April 7, 2026. (Photo by Niki Kelly/Indiana Capital Chronicle)WASHINGTON — Spikes in energy prices caused by the U.S.-Israeli war in Iran drove up inflation for Americans in March, according to the latest consumer price index figures released Friday. Costs jumped 0.9% in March compared to the previous month — that’s up from the 0.3% increase in February. Prices for all items tog…
Record Surge in Gasoline Prices Fuels US Consumer Inflation in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran led to a record surge in the cost of gasoline and diesel, dealing a blow to President Donald Trump whose approval ratings have been falling because of unhappiness over his handling of the economy. Though the Consumer Price Index report from the Labor Department on Friday showed an underlying measure of inflation that excludes the volatile food and energ…
Inflation Soars to 3.3% in March: Prediction Markets Now See 63% Chance It Hits 4% in 2026
The post Inflation Soars to 3.3% in March: Prediction Markets Now See 63% Chance It Hits 4% in 2026 appeared first on 24/7 Wall St.. Quick Read March inflation data was released this morning, and it showed the consumer price index (CPI) rising 3.3%. That’s the highest inflation reading since April 2024. However, inflation readings excluding food and energy showed prices rising 2.6%. The bottom line: today’s inflation surge is almost entirely …
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