What drives US inflation?
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.
✉️ Track chains of events as they happen. Free.
MAR 1 – MAR 31, 2026
blockade
→oil production decline
→🌍 oil price rise
🕌 oil supply disruption
→oil production decline
→🌍 oil price rise
🕌 geopolitical tension rise
→🌍 oil price rise
🇮🇷 war escalation
→🌍 fuel supply disruption
→🌍 oil price rise
🕌 geopolitical conflict escalation
→🕌 oil production decline
🕌 oil production decline
→🌍 energy price rise
🕌 oil price rise
🕌 war escalation
→🌍 energy price rise
✉️ Track chains of events as they happen. Free.
JAN 1 – JAN 31, 2026
🇺🇸 competition rise
🌍 energy cost rise
OCT 1 – OCT 31, 2025
🇺🇸 tariff rise
SEP 1 – SEP 30, 2025
🇺🇸 tariff rise
AUG 1 – AUG 31, 2025
🇺🇸 tariff investigation
→🇺🇸 tariff rise
🇧🇷 house arrest
→🇺🇸 tariff rise
🇺🇸 import price rise
🇧🇷 house arrest
→🇺🇸 tariff rise
→🇺🇸 import cost rise
→🇺🇸 producer cost rise
🇺🇸 tariff rise
JUL 1 – JUL 31, 2025
🌍 trade war escalation
🇺🇸 tariff fear
→🇺🇸 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff rise
→🇺🇸 import cost rise
🇺🇸 tariff rise
JUN 1 – JUN 30, 2025
🇺🇸 tariff decline
🇺🇸 tariff rise
🇺🇸 tariff expectation rise
🇮🇱 military conflict
→🌍 oil price rise
🕌 war escalation
→🌍 oil price rise
🇺🇸 labor cost rise
MAY 1 – MAY 31, 2025
🇺🇸 tariff rise
🌍 trade barrier rise
🇺🇸 service activity decline
APR 1 – APR 30, 2025
🇨🇳 tariff rise
→🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🌍 energy cost decline
🇨🇳 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff rise
→🇨🇳 tariff rise
🇺🇸 tariff fear
🇺🇸 tariff rise
🇺🇸 producer price decline
🇺🇸 tariff rise
→🇺🇸 spending decline
MAR 1 – MAR 31, 2025
🇺🇸 tariff rise
→🇨🇳 tariff rise
→🇺🇸 tariff rise
🇺🇸 tariff expectation
→🇺🇸 input cost rise
✉️ Track chains of events as they happen. Free.
FEB 1 – FEB 28, 2025
🇺🇸 energy cost rise
🇺🇸 shelter cost rise
🇺🇸 food cost rise
🇺🇸 tariff rise
JAN 1 – JAN 31, 2025
🇺🇸 demand rise
→🇺🇸 production rise
→🇺🇸 input cost rise
🇺🇸 energy output expansion
🇺🇸 tariff decline
🇺🇸 gas cost rise
→🇺🇸 energy cost rise
🇺🇸 deficit spending rise
🇺🇸 tariff rise
NOV 1 – NOV 30, 2024
🇺🇸 trade policy shift
🇺🇸 growth rise
🇺🇸 political uncertainty rise
→🇺🇸 tariff rise
🇺🇸 policy anticipation
🇺🇸 presidential election result
🇺🇸 deregulation
🇺🇸 jobless claim decline
🇺🇸 income rise
🇺🇸 job rise
OCT 1 – OCT 31, 2024
🇺🇸 input cost rise
🇺🇸 service sector cost rise
🇺🇸 factory activity decline
SEP 1 – SEP 30, 2024
🇺🇸 wage rise
🇺🇸 energy cost decline
JUN 1 – JUN 30, 2024
🇺🇸 service fee rise
→🇺🇸 producer cost rise
MAY 1 – MAY 31, 2024
🇺🇸 labor cost rise
🇺🇸 unemployment decline
🇺🇸 sector activity rise
APR 1 – APR 30, 2024
🇮🇷 oil supply disruption risk rise
→🌍 oil price rise
MAR 1 – MAR 31, 2024
🇺🇸 wage rise
FEB 1 – FEB 29, 2024
🇺🇸 transportation services rise
🇺🇸 shelter cost rise
JAN 1 – JAN 31, 2024
🇺🇸 economic growth
🛢️ oil supply rise
→🌍 oil price decline
🇺🇸 service activity decline
🇺🇸 food cost rise
🇺🇸 wage rise
🌍 input cost rise
✉️ Track chains of events as they happen. Free.