🇺🇸 US CPI Jump — Fuel Driving Inflation
🇺🇸 US CPI rose from 1.08% to 1.21% YoY, largely driven by surging gasoline prices. ⛽
Average pump prices jumped ~5.7% YoY, pushing gasoline inflation near 12.34%. With fuel carrying ~3% weight in CPI, it alone added ~0.13% to the headline increase.
Data sources including EIA show even sharper moves, with gasoline prices spiking ~15% in just one week.
Growing volatility in daily price data suggests broader inflation pressure as geopolitical tensions and policy uncertainty continue to shake global markets.
TURBO
0.001063
-4.66%
ENSO
1.19
-0.75%
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