The March CPI data shows a mix of challenges.

The CPI report for March showed a 0.9% increase from the previous month and a 3.3% increase from the same period last year, marking the largest year-on-year increase since May 2024. The country's economy is facing various factors that are pushing prices higher, some of which are reflected in this report. In the midst of the Iran war, energy prices rose by 11% last month, with gasoline prices up 21% and fuel oil prices up 31%. Transportation service prices also became more expensive, with airfare prices rising by 2.7%. Additionally, there are signs that tariffs are continuing to push prices higher. Clothing prices rose by 1% last month, a significant increase for a single month compared to the 1.3% increase in February. Other tariff-sensitive sectors have seen some easing, as reflected in the decline in prices of household appliances and televisions. The 10-year treasury bond yield was reported at 4.30%, down from 4.29% on Thursday. The two-year treasury bond yield was reported at 3.77%, down from 3.78% on Thursday.