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CBS Money Watch · May 13, 2026 2:20 PM EDT MacroConsumerGeopolitics

Restaurant owner says "it's pretty scary" as inflation could force him to hike prices

Inflation has soared to its highest level in nearly three years, rising to an annual rate of 3.8%. Surging fuel prices, a result of the war with Iran, are impacting businesses and consumers. Jason Allen reports.

Restaurant owner says "it's pretty scary" as inflation could force him to hike prices
Image CBS Money Watch

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