Trump’s War in Iran Hits Pockets at Home as Inflation Spikes
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Today’s Consumer Price Index (CPI) report shows prices surged 3.3% over the past year in March. Prices jumped by 0.9% in the past month alone. The spike in prices was largely driven by the energy price shock from Trump’s war with Iran, which has skyrocketed oil prices and pushed gasoline above $4 per gallon. This report is the first full snapshot of inflation since the onset of the conflict. Even with a two-week ceasefire in place, global supply chains are still disrupted and the inflationary sh
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