Inflation in the United States jumped to 3.3 percent on an annual basis in March, marking the highest rate in nearly two years. On a monthly basis, prices rose by 0.9 percent, with gasoline prices taking the biggest hit.

The main driver of the inflationary spike is the conflict with Iran and disruptions to maritime traffic through the Strait of Hormuz, through which approximately one-fifth of global oil and natural gas trade passes. Despite the announced ceasefire, the number of ships passing through the strait remained drastically reduced - only 15 compared to the usual 138.

Gasoline recorded a surge of 21.2 percent in a single month, representing the largest monthly increase since the Bureau of Labor Statistics began tracking this data in 1967. The rise in fuel prices is spilling over into other sectors - airline tickets, clothing, and household costs are already seeing increases.

Core inflation, excluding food and energy, rose moderately by 0.2 percent on a monthly basis, indicating that the price shock has not yet fully spread to the broader consumer basket. However, analysts warn that more expensive diesel, transportation, and fertilizers could soon put pressure on food and service prices.

The Federal Reserve faces a difficult decision - whether to maintain high interest rates to fight inflation or risk consumer dissatisfaction due to persistently high prices. Experts assess that if geopolitical instability continues, the inflationary trend could further intensify.