Surging gas prices drive inflation to highest level in two years

Energy prices experienced a dramatic surge in March, driven by an unprecedented supply shock on global oil and gas markets.

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The fact

This energy price spike directly fueled accelerating inflation, which reached its highest level in two years.

Geopolitical tensions and supply chain disruptions are putting sustained pressure on global energy costs.

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Auto-synthesis from 1 media source · identified on April 12, 2026