CPI on tap: Inflation seemed to slow before Iran conflict jacked up oil prices. But did it really?

Oil prices have surged since the start of the conflict with Iran, pushing up gasoline costs for U.S. consumers at the pump. American households are facing higher energy bills, but the latest U.S. inflation reading does not yet reflect those increases. The disconnect raises downside risks to consumer spending and the prospect of higher inflation in coming months.

Analysis

Oil prices have surged since the start of the conflict with Iran, pushing up gasoline costs for U.S. consumers at the pump. American households are facing higher energy bills, but the latest U.S. inflation reading does not yet reflect those increases. The disconnect raises downside risks to consumer spending and the prospect of higher inflation in coming months.