#HighestCPISince2022 MarketWatch

Axios

Consumer prices leap almost 1% in March. Inflation rate hits nearly two-year high.

March inflation soars, confirming Iran war price shock

Yesterday

Yesterday

The hashtag #HighestCPISince2022 is trending because new inflation data just showed a sharp spike in consumer prices, the biggest jump in years.

📈 What the data says

The Consumer Price Index (CPI) rose 0.9% in March 2026 —

👉 the largest monthly increase since 2022 �

Reuters +1

Year-over-year inflation hit about 3.3%, up from 2.4% the previous month �

euronews

⛽ What’s causing the spike

The surge is mainly driven by energy prices, especially fuel:

Gasoline prices jumped ~21% in a single month �

Reuters

This is largely linked to:

Ongoing conflict involving Iran

Disruptions in global oil supply (e.g., Strait of Hormuz issues) �

Axios +1

🧠 Important nuance

Core inflation (excluding food & energy) rose only 0.2%

→ meaning the spike is not yet widespread across the economy �

Reuters

But economists warn:

If energy stays high, it could spread into food, transport, and goods prices

🌍 Not just the US

Inflation is also rising in Europe:

Eurozone inflation climbed to ~2.5%, the highest since 2025 �

Trading Economics

Energy costs are again the main driver globally

✅ Bottom line

This isn’t random: it’s a real inflation spike, mainly caused by energy shocks

It’s the fastest monthly CPI increase since 2022, which is why it’s trending

For now, it looks temporary and energy-driven, but it could become broader if the situation continues

If you want, I can break down how this might affect things like rent, food prices, or interest rates in Europe (including Italy).