"Even though we've seen RTO efforts and some high-profile remote-work rollbacks, most workers say they haven't been brought back into the office full time."

The highest monthly increase in nearly 4 years can largely be attributed to soaring gas prices resulting from the war in Iran.

Even if the tenuous ceasefire holds, the conflict is likely to have created lasting effects on the dollar system, as President Donald Trump appears to rip up the global rules-based order.

Some officials worry that the war could hurt the labor market and warrant lower interest rates; others see a risk to inflation that might warrant rate increases.