BriefApril 15, 2026 · 01:15 PM
Energy Price Spikes Drive March CPI to 0.9% and Erase Worker Earnings
Real earnings for workers decreased 0.6% in March, as average hourly earnings rose only 0.2%. This decline in purchasing power was driven by a 0.9% increase in the Consumer Price Index (CPI). The surge was fueled by a 10.9% jump in energy prices and a 21.2% rise in gasoline prices. These figures were released in the government's inflation report for March.
Lennox Harmon
inflationconsumer price indexpurchasing power
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