US Inflation Surges to 3.3% in March as Gasoline Prices Jump 21% — Steepest Monthly Rise Since June 2022
The Bureau of Labor Statistics reported a 0.9% month-over-month CPI increase for March 2026, driven almost entirely by energy. Food prices were flat. The result came in below expectations but marks the sharpest single-month acceleration in nearly four years, directly linked to the US-Iran conflict.