multi source·1h ago·5 sources analyzed
Inflation Rises Amid Ongoing Conflict in Iran
Inflation rates are projected to reach a three-year high due to rising energy costs linked to the Iran war. Both the US and China are experiencing significant increases in consumer and factory inflation. (sources: nbcnews, reuters, bloomberg, cnbc)
ModernAction Briefing
April inflation data is expected to show notable increases in both the US and China, driven by energy price shocks. China's factory inflation has reached a 45-month high.
- The Consumer Price Index is anticipated to indicate a rise in US inflation for April.
- China's factory inflation has hit a post-COVID high due to increased energy costs.
- Wholesale inflation in China has also exceeded estimates for April.
Why it matters
Rising inflation can impact consumer purchasing power and economic stability in both countries.
Action context
No specific legislation identified for action yet.
Top coverage · 5 sources
nbcnewsInflation expected to jump to a 3-year high as Iran war continues to fuel rising pricesreutersUS consumer inflation expected to have increased further in April amid Iran warbloombergChina’s Factory Inflation Hits Post-Covid High After Cost ShockcnbcChina consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher