US CPI Surges to 3.3% as Energy Spikes and Iran Risks Hit Crypto

• US CPI March 2026 rose 0.9% MoM to 3.3% YoY as energy surged 10.9% MoM, including a 21.2% spike in gasoline.
• Iran’s tensions in the Strait of Hormuz closed the strait and triggered the largest monthly energy surge since 2005.
• Rising inflation delays Fed rate cuts, prolonging higher-for-longer rates.

The US Consumer Price Index (US CPI) data for March 2026 shows inflation reaccelerating to 3.3% year over year (YoY) after a 0.9% month-over-month (MoM) rise, with energy prices surging 10.9% MoM and gasoline jumping 21.2%. 

Core CPI excluding food and energy remained steady at 0.2% MoM and 2.6% YoY, highlighting underlying inflation pressures. The energy-driven spike is caused by the recent Middle East geopolitical tensions, especially the closure of the Strait of Hormuz. 

US CPI Reaccelerates to 3.3% Amid Energy Spike

According to sources, US CPI data released f…

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