Consumer prices rose 3.3% year-over-year in March 2026, driven primarily by energy costs spiking due to the Iran conflict. This is a two-year inflation high and affects household budgets across transportation, heating, and goods relying on energy-intensive supply chains. The post omits context about which income groups are hit hardest by energy inflation — lower-income households typically spend a larger share of income on gas and heating, making this price shock more painful for them than for wealthier households.