The Iran war’s oil price shock drove the Federal Reserve’s preferred inflation gauge to 3.8% last month, its highest rate in nearly three years, new data showed Thursday.
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The Iran war’s oil price shock drove the Federal Reserve’s preferred inflation gauge to 3.8% last month, its highest rate in nearly three years, new data showed Thursday.
Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows
US inflation hits three-year high in April as Iran war fuels energy price surge
US inflation surges to three-year high amid tensions with Iran
US key inflation rises to 3-year high as fuel, food costs squeeze households
US Fed's preferred inflation gauge rose by 3.8% in April
Dow Jones Top Markets Headlines at 1 PM ET: Iran War Keeps Fed's Inflation Gauge Above Inflation Target | U.S. ...
Iran War Lifts Fed’s Preferred Inflation Gauge to Highest Level Since May 2023
Fed's Favorite Inflation Gauge Hits 3.8%, Highest Since May 2023 - State Street SPDR Dow Jones Industrial
Inflation expectations are rising, and that alone could push prices higher
Inflation rose for the second consecutive month as the Iran war drove up gas prices.
The jump in gas prices has pushed inflation further away from the Fed’s 2% target.
The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war.
The CPI report shows inflationary pressures tied to the Iran war are seeping into consumer prices.
Gasoline prices rose 5.4% during the month.
A surge in prices at the pump due to the Iran war has pushed the inflation rate to 3.3%.
