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America is in for yet another long spell of price pain | CNN Business
President Donald Trump’s latest Iran war pitch to American consumers: Short-term pain will bring long-term gain. But Tuesday’s ugly consumer inflation report, Wednesday’s uglier wholesale inflation report and some worrying bond market signals all point to one thing.
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apnews.com
The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US
U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher.
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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.
