The sharp rise in oil prices led to a 3.3% year-on-year increase in the US Consumer Price Index in March.

Data released by the US Department of Labor on the 10th showed that due to a sharp increase in energy prices, the US Consumer Price Index (CPI) in March rose by 3.3% compared to the same period last year, significantly higher than February's 2.4%, reaching the highest level since June 2024. Seasonally adjusted, the month-on-month CPI in the US rose by 0.9% in March, significantly higher than February's 0.3% increase, marking the largest increase since July 2022. The data also showed that energy prices in March increased by 10.9% compared to the previous month, the largest monthly increase since September 2005. Gasoline prices rose by 21.2%, the largest monthly increase since 1967, contributing to nearly three-quarters of the CPI increase that month. Food prices remained unchanged month-on-month. Excluding the volatile food and energy prices, the core CPI in March rose by 2.6% compared to the same period last year, higher than February's 2.5%, with a 0.2% increase from the previous month. Analysts believe that the inflation data in March may only partially reflect the impact of the US-Iran war, and inflation data in the near future may be worse. The Federal Reserve's monetary policy still faces challenges.