March CPI rises to 3.3% on 21.2% gasoline surge

The BLS reported March CPI at 3.3% year-over-year (up from 2.4% in February), with month-over-month at 0.9%. Gasoline alone accounts for three-quarters of the headline increase. Core inflation sits at 0.2% MoM and 2.6% year-over-year.