Iran War Inflation Likely To Stick Even After Ceasefire, Economists Say

The economic fallout from the U.S.-Iran war is proving more stubborn than the conflict itself, with economists warning that a wave of inflation will persist long after the fighting stops, the Financial Times reported Sunday.
Prices Already Climbing
U.S. inflation jumped to 3.3 % in March, its highest level in two years, driven largely by surging fuel costs, according to the Bureau of Labor Statistics. Petrol prices have climbed from $2.98 per gallon when the conflict began in late February to $4.08 on Friday, according to the AAA motoring group. Diesel has surged from $3.76 to $5.59 a gallon, approaching its 2022 record.
“We were on a very good trajectory of inflation going down. Now there is somewhat a reversal,” IMF Managing Director Kristalina Georgieva told the FT, warning the fallout