Inflation surges to hottest level in nearly three years as Iran war raises prices

Inflation accelerated in April to a three-year high as the Iran war pushed energy prices higher and began filtering through the broader economy. The report points to renewed inflationary pressure from geopolitical disruption and higher fuel costs, which could complicate policy and weigh on risk assets.

Analysis

Inflation accelerated in April to a three-year high as the Iran war pushed energy prices higher and began filtering through the broader economy. The report points to renewed inflationary pressure from geopolitical disruption and higher fuel costs, which could complicate policy and weigh on risk assets.