The Consumer Price Index rose 0.9%, marking the largest monthly increase in nearly four years.
Gasoline prices jumped 21.2%, accounting for most of the increase and driving broader cost pressures nationwide.
Diesel and other fuels surged sharply, amplifying transportation and logistics expenses for businesses and consumers.
Annual inflation reached 3.3%, highlighting persistent affordability challenges despite recent economic resilience.
Core inflation rose 0.2%, reflecting moderate underlying pressures beyond volatile energy and food components.
Economists expect secondary effects to emerge, with higher fuel costs impacting goods, travel, and supply chains.
Strong job growth supports stability, yet rising expenses may reduce consumer spending in the coming months.
Markets now anticipate prolonged policy tightening, as elevated inflation limits the likelihood of near-term interest rate cuts.
