Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant
US inflation stayed flat at 2.4% in February, according to government data released Wednesday that provides a snapshot of the US economy before it was thrown into a tailspin by the US-Israel conflict with Iran.
The levelling comes after prices swung last year, reaching a four-year low in April before shooting back up in September. In late fall, inflation crept down again, reaching 2.4% in January.
Continue reading…Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significantSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation stayed flat at 2.4% in February, according to government data released Wednesday that provides a snapshot of the US economy before it was thrown into a tailspin by the US-Israel conflict with Iran.The levelling comes after prices swung last year, reaching a four-year low in April before shooting back up in September. In late fall, inflation crept down again, reaching 2.4% in January. Continue reading…
