Energy Shock Pushes Inflation Higher as Gas Prices Jump
TL;DR Summary
Inflation climbed 3.3% in March as energy costs surged due to the U.S.–Iran conflict, with gasoline prices jumping and energy driving most of the CPI increase; core inflation rose to 2.6%, prompting questions about how long the energy shock will last and what it means for Fed policy and consumer sentiment ahead of the midterms.
- ‘This is very real’: Surging gas prices drive inflation to highest level in 2 years Politico
- Opinion | The skunk at the garden party The Washington Post
- When Economists and Consumers Agree on Inflation Bloomberg.com
- Here's the inflation breakdown for March 2026 — in one chart CNBC
- Inflation surges to highest level in nearly 2 years as energy costs spike NPR
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