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Food and meds could get pricier in a second wave of Iran war inflation

Business Insider·Naomi Buchanan·about 1 month ago
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US households could be in for a second wave of Iran war inflation that hits more than just gas Michael Nagle/Xinhua via Getty Images Consumers could soon face a second round of inflation from the Iran war that'll hit more than gas prices. Groceries, medicine, clothes, and more will be part of the second wave. It will be a "structural repricing of the American household budget," one strategist warned. Consumers are in for a rude awakening from the what one expert is calling the second wave of inflation caused by the Iran war . The impact of the war on consumers' wallets has been relatively limited, with inflationary pressures showing up in high gas prices and pricier flights . Market watchers warn that the relative economic calm won't last . "The gas pump is only the opening act. The real household inflation hit comes later, hidden inside everyday products," Mark Malek, Siebert Financial CIO, said.…

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