Oil shock from Iran war could rekindle US inflation
TL;DR Summary
U.S. inflation held at 2.4% year over year in February as higher food and housing costs offset declines in other goods; energy prices surged with the Iran-related conflict after the data, with gasoline topping $3.50 a gallon, a development analysts say could push inflation above 3% in coming months and complicate Fed policy. The report reflects prices from weeks before the war began.
- US inflation stable ahead of Iran shock BBC
- Consumer prices rose 2.4% annually in February, as expected CNBC
- CPI Report Live Updates: Inflation Had Steadied Before War With Iran The New York Times
- US consumer prices likely increased in February ahead of Iran conflict Reuters
- Energy, food prices surged in February — before Iran fighting started Politico
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