US CPI Jumps 3.3% YoY in March, Driven by Soaring Energy and Gasoline Prices

Published: Apr 12, 2026 22:34

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Driven by a sharp surge in energy prices, the US Consumer Price Index (CPI) for March showed significant growth. CPI rose 3.3% YoY, marking the highest reading since June 2024. On a MoM basis, CPI increased 0.9% in March, the largest gain since July 2022.

Focusing further on energy prices, energy prices surged 10.9% MoM in March, the largest single-month increase since September 2005. Among energy price components, gasoline prices stood out in particular, rising 21.2%, the largest monthly gain since 1967, and the increase in gasoline prices accounted for nearly three-quarters of the month's CPI gain.

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