Iran conflict looms over inflation as energy costs rise
TL;DR Summary
February CPI shows annual inflation at 2.4% with a 0.3% monthly gain. Energy prices rose (fuel oil surged; gasoline up about 0.8%), while core inflation held at 2.5% year over year and 0.2% monthly. The data were collected before the US‑Israel attack on Iran, but the conflict could push energy costs higher and lift inflation in the coming months. Tariffs continue to show up in prices (apparel +1.3%, household furnishings +0.3%), with refunds still pending.
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- CPI Report Live Updates: Inflation Had Steadied Before War With Iran The New York Times
- Inflation was steady in February before the Iran war drove up gas prices NBC News
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