---
title: "April CPI set for biggest rise since 2023 on energy costs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286039928.md"
description: "April's Consumer Price Index (CPI) is projected to see its largest increase since 2023, primarily driven by rising energy costs due to surging oil prices following the closure of the Strait of Hormuz. This spike is expected to elevate gasoline, diesel, and airfare prices. Persistent inflation near 3.7% may hinder interest rate cuts by the Federal Reserve, with markets anticipating no policy changes through the end of the year. Additionally, gas prices have risen 44% from last year, contributing to increased financial pressures on consumers from travel and food costs."
datetime: "2026-05-12T05:35:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286039928.md)
  - [en](https://longbridge.com/en/news/286039928.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286039928.md)
---

# April CPI set for biggest rise since 2023 on energy costs

Energy-driven spike: Oil prices surged after the Strait of Hormuz closure, pushing up gasoline, diesel, and airfare costs, which are expected to dominate April's CPI increase. Fed policy impact: Persistent inflation near 3.7% may delay interest rate cuts, with markets pricing a higher chance of no policy change through year-end. Consumer strain: Gas prices are up 44% from last year, and rising travel and food costs could deepen household financial pressures in the months ahead.

### Related Stocks

- [603353.CN](https://longbridge.com/en/quote/603353.CN.md)
- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [BP.UK](https://longbridge.com/en/quote/BP.UK.md)
- [561360.CN](https://longbridge.com/en/quote/561360.CN.md)
- [159309.CN](https://longbridge.com/en/quote/159309.CN.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)
- [BNO.US](https://longbridge.com/en/quote/BNO.US.md)
- [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md)
- [XOP.US](https://longbridge.com/en/quote/XOP.US.md)
- [OIH.US](https://longbridge.com/en/quote/OIH.US.md)
- [561760.CN](https://longbridge.com/en/quote/561760.CN.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [IXC.US](https://longbridge.com/en/quote/IXC.US.md)
- [XES.US](https://longbridge.com/en/quote/XES.US.md)
- [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md)
- [VDE.US](https://longbridge.com/en/quote/VDE.US.md)
- [IEO.US](https://longbridge.com/en/quote/IEO.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)

## Related News & Research

- [Fed's May inflation forecast spikes, rate cuts unlikely in 2026](https://longbridge.com/en/news/286852758.md)
- [Europe Gasoline/Naphtha-Gasoline refining margins edge higher](https://longbridge.com/en/news/286950210.md)
- [Oil rises more than 1% after drone attack on UAE nuclear power plant](https://longbridge.com/en/news/286683769.md)
- [IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left](https://longbridge.com/en/news/286746172.md)
- [ROI-ENERGY WATCH: Alarms and clocks](https://longbridge.com/en/news/286796437.md)