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

Published: Apr 12, 2026 22:34

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.hoursAgo

[SMM Aluminum Flash News] Vedanta Hits Record Aluminum Output, Adds Marginal Supply Support

Vedanta reported record aluminum output of 2.456 Mt in FY26, up 1% YoY, while alumina rose 48% to 2.916 Mt. With refinery capacity at 4 Mt/year, the growth reflects strong expansion. It adds some supply, but overall balance still depends on global disruptions.

Common.Time.hoursAgo

Return to Work Drove a Sharp Rise in the Operating Rate of Secondary Aluminum Producers in March[SMM Analysis]

[SMM Analysis]Return to Work Drove a Sharp Rise in the Operating Rate of Secondary Aluminum Producers in March, Expected to Decline in April

Common.Time.hoursAgo

SHFE Cast Aluminum Alloy Warrants Down 213 mt to 30,434 mt on April 14

[SMM Update] SHFE data showed that on April 14, the total registered cast aluminum alloy warrants stood at 30,434 mt, a decrease of 213 mt from the previous trading day. Specifically, Shanghai (1,822 mt, down 90 mt), Guangdong (11,846 mt, down 153 mt), Jiangsu (3,938 mt, up 61 mt), Zhejiang (8,019 mt, unchanged), Chongqing (3,603 mt, down 31 mt), and Sichuan (1,206 mt, unchanged).

Common.Time.hoursAgo