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'A miserable number': Iran war and AI spending drove inflation to a 3-year high | Fortune
KPMG's Diane Swonk says the Iran war is in your groceries, AI is in your electricity bill, and the Fed has no easy way out.
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bbc.com
US inflation jumps to 3.8% as energy costs surge from Iran war
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.
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fortune.com
April inflation shoots 3.8% higher on surging prices from war in Iran | Fortune
Gasoline prices rose 5.4% during the month.
