What drives US inflation?
Energy costs, wages, housing, and supply chains all feed into the number the Fed watches most. Each row traces a chain of real events that pushed inflation higher or lower, month by month.
Us Inflation111.35▲ 0.6% · 30d · 4 chains
APR 2APR 14APR 23MAY 1
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Sign upAPR 1 – APR 30, 2026
APR 24
Closed: +0.21%
🇺🇸 Military Strike
2026-04-24
🌍 Fuel Price Rise
2026-04-24
Tensions and blockades in the Strait of Hormuz disrupted oil supply, pushing energy prices higher.
US INFLATION ▲
2026-04-24
Higher oil prices increase costs for goods and transport, pushing overall prices up.
🇺🇸 Treasury Yield Rise
2026-04-24
Inflation risks from Middle East tensions push bond yields higher as investors demand compensation.
🇺🇸 Mortgage Rate Rise
2026-04-29
Higher Treasury yields increase borrowing costs, leading to higher mortgage rates.
🇺🇸 Mortgage Refinance Application Decline
2026-04-29
Higher mortgage rates make refinancing more expensive, reducing borrower demand.
↓
US INFLATION ▲
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APR 10
Closed: +0.05%
🕌 Conflict Escalation
2026-04-10
US INFLATION ▲
2026-04-10
The war has disrupted oil supplies, raising energy costs and pushing up consumer prices.
🇺🇸 Treasury Yield Rise
2026-04-24
Inflation risks from Middle East tensions push bond yields higher as investors demand compensation.
🇺🇸 Mortgage Rate Rise
2026-04-29
Higher Treasury yields increase borrowing costs, leading to higher mortgage rates.
🇺🇸 Mortgage Refinance Application Decline
2026-04-29
Higher mortgage rates make refinancing more expensive, reducing borrower demand.
↓
US INFLATION ▲
🇺🇸 Military Strike
2026-04-06
🇮🇷 Conflict Escalation
2026-04-06
US threats and conflict escalation directly increase tensions with Iran.
🇺🇸 Energy Price Rise
2026-04-10
War with Iran disrupts oil supply, causing higher gasoline and energy costs in the US.
US INFLATION ▲
2026-04-10
Higher energy costs, especially for gasoline and fuel oil, directly pushed up overall consumer prices.
🇺🇸 Treasury Yield Rise
2026-04-24
Inflation risks from Middle East tensions push bond yields higher as investors demand compensation.
🇺🇸 Mortgage Rate Rise
2026-04-29
Higher Treasury yields increase borrowing costs, leading to higher mortgage rates.
🇺🇸 Mortgage Refinance Application Decline
2026-04-29
Higher mortgage rates make refinancing more expensive, reducing borrower demand.
↓
US INFLATION ▲
🇺🇸 Tariff Rise
2026-04-10
US INFLATION ▲
2026-04-10
Higher tariffs increase the cost of imported goods, which businesses pass on to consumers.
🇺🇸 Treasury Yield Rise
2026-04-24
Inflation risks from Middle East tensions push bond yields higher as investors demand compensation.
🇺🇸 Mortgage Rate Rise
2026-04-29
Higher Treasury yields increase borrowing costs, leading to higher mortgage rates.
🇺🇸 Mortgage Refinance Application Decline
2026-04-29
Higher mortgage rates make refinancing more expensive, reducing borrower demand.
↓
US INFLATION ▲
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