Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict

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Source: CNBC

Published Fri, Apr 10 2026 8:31 AM EDT Updated 2 Min Ago


Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. Underlying inflation, however, was relatively tame.

The consumer price index increased a seasonally adjusted 0.9% for the month, putting the annual inflation rate at 3.3%, pushed by a 10.9% surge in energy costs. Both numbers were in line with the Dow Jones consensus. The annual rate was the highest since April 2024 and up from 2.4% in February.



However, excluding food and energy, core prices rose much less – just 0.2% for the month and 2.6% from a year ago, both 0.1 percentage point below forecast, indicating that underlying inflation was more contained. There even were even pockets of outright price declines, as medical care, personal care, and used cars and trucks all fell during the month.

The Iran conflict was the story for the monthly inflation reading, as gasoline soared 21.2%, accounting for nearly three-quarters of the headline price increase, according to the BLS.

Read more: https://www.cnbc.com/2026/04/10/cpi-inflation-report-march-2026.html

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From the source -

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BLS-Labor Statistics
@BLS_gov
CPI for all items rises 0.9% in March; gasoline up #BLSData https://bls.gov/news.release/a
rchives/cpi_04102026.htm
8:30 AM · Apr 10, 2026

Article updated.

Previous articles/headline -

Published Fri, Apr 10 2026 8:31 AM EDT Updated 2 Min Ago


Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics report Friday.

The consumer price index increased 0.9% for the month, putting the annual inflation rate at 3.3%, pushed by a 10.9% surge in energy costs. Both numbers were in line with the Dow Jones consensus.

However, excluding food and energy, core prices rose much less - just 0.2% for the month and 2.6% from a year ago, both 0.1 percentage point below forecast, indicating that underlying inflation was more contained.


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Original article/headline -

Consumer prices rose 3.3% in March, as expected

Published Fri, Apr 10 2026 8:31 AM EDT


The consumer price index was expected to show a 3.3% year-over-year gain in March, according to the Dow Jones consensus estimate.


This is breaking news. Please refresh for updates.