April CPI Report: Higher Energy Prices Keep Inflation Hot
The ongoing conflict in the Middle East is having a major impact on inflation, with April's annual rise in headline CPI the fastest since 2023.
Financial news and updates
The ongoing conflict in the Middle East is having a major impact on inflation, with April's annual rise in headline CPI the fastest since 2023.
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The shutdown of the Strait of Hormuz is showing up on these shores in the form of the hottest CPI inflation print in three years.
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Peace in the Middle East appears to be a distant prospect, but investors, traders and speculators are focusing on other fundamental factors.
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