U.S. March CPI Accelerates to 3.3% YoY, Gasoline Surge Leads

The U.S. March CPI released April 10 showed a year-over-year acceleration to 3.3% from 2.4% in February, with a 0.9% month-over-month increase. Energy surged 10.9% with gasoline alone climbing 21.2%, accounting for approximately 75% of monthly inflation. Core CPI held steady at 0.2% MoM and 2.6% YoY. The Dow closed down 269.23 points at 47,916.57, a decline of 0.56%.