Reported 2 days ago
The recent Israeli attack on Iran has escalated tensions in the Middle East, potentially triggering price increases across various sectors, including energy, shipping, and consumer goods. With oil prices surging and shipping costs rising due to geopolitical conflicts, consumers may soon face higher prices for essentials. Despite current overall inflation being contained, analysts predict a rise in month-on-month inflation figures as companies anticipate further cost increases, which could pressure the Federal Reserve to reassess interest rates.
Source: YAHOO