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Economists give dire prediction about inflation as no end in sight for Iran war

The Independent·Katie Hawkinson·about 1 month ago
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Economists have predicted U.S. inflation will be higher than previously expected as the Iran war continues with no end in sight, according to Bloomberg . Bloomberg ’s April survey of economists found that the personal consumption expenditures price index — an inflation indicator that measures the prices U.S. consumers pay for goods and services — is expected to rise 3.6 percent in the second quarter of 2026 compared to the same period last year. Bloomberg surveyed 90 economists between April 17 and 22. It remains unclear when President Donald Trump’s war with Iran, which began Feb. 28, will come to an end. When asked Thursday about his timeline, Trump told reporters: “ Don’t rush me .” Americans have been contending with rising gas prices as the war continues. Analysts expect energy prices to remain high even after the war ends, according to Bloomberg .…

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