Just checked the latest consumer price index data from March and the numbers are pretty interesting. The CPI jumped 1.0% month-over-month, which is a decent move. But here's what caught my attention - energy costs absolutely spiked, up 8.9% after barely moving 0.3% the month before. Petroleum products were the real culprit, surging 17.1%. That explains a lot of the overall price pressure we've been seeing.

What's worth noting is that other categories cooled off. Manufactured goods only rose 0.7% compared to 1.4% previously, and services barely moved at 0.2%. On the yearly basis, the consumer price index is sitting at 1.7% year-over-year, which is moderate but definitely something to watch. The energy volatility is the main story here - everything else seems relatively stable. Seasonal adjustments brought it down slightly to 0.8% MoM, but the underlying trend is still there.