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.

New data shows US inflation at highest level since 2023 due to Trump's Iran War. Energy and food costs surge, posing challenges for American families.

Consumer prices spike in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.