US inflation seen spiking in first snapshot since Iran war | Metals Mine

  • US inflation seen spiking in first snapshot since Iran war

    From finance.yahoo.com

    The sudden increase in US gasoline prices felt by American consumers is set to be on full display in key inflation data due out this coming week. Economists are penciling in a 1% increase in the consumer price index for March — the sharpest one-month advance since 2022 — after the Iran war pushed gas prices at the pump up by about $1 per gallon. At the same time, the core CPI, excluding energy and food, probably rose 0.3% from a month earlier, according to a Bloomberg survey ahead of the Bureau of Labor Statistics report due Friday. Oil prices have been roiled by five weeks of conflict, climbing to almost $120 a ... (full story)

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JackJones
Apr 5, 2026 7:56pm
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up next: the lack of fertilizers causes food prices to rise
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