The annual inflation rate has reached its highest level since May 2023, driven by rising energy prices following the ongoing Iran war.
PULSE POINTS WHAT HAPPENED: Inflation rose to an annual rate of 3.8 percent in April, its highest level since May 2023, driven by surging energy costs linked to the ongoing Iran war. The Consumer Price Index (CPI) showed a sharp increase from March’s 3.3 percent, surpassing economists’ expectations of 3.7 percent. DETAIL: The war in the Middle East has disrupted global oil, natural gas, and fertilizer supplies, pushing gas prices to their highest levels since July 2022. This has increased costs for diesel-powered trucks that transport goods across the U.S., driving up prices for groceries and other consumer goods. President Donald J. Trump announced plans to suspend the federal gas tax temporarily on Monday, which should provide…Open
Mark Zandi, the chief economist at Moody’s, believes high price levels are likely to persist even after hostilities with Iran end. In addition, Zandi has warned that the stock market is becoming increasingly detached from the American economy, which he thinks could be causing many to underestimate the odds of a recession. The post Top Moody’s Economist Warns Prices Will Stay High Even After the Iran War Ends. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: Mark Zandi, the chief economist at Moody’s, believes high price levels are likely to persist even after hostilities with Iran end. WHO WAS INVOLVED: Mark Zandi, chief economist at Moody’s, investors, and the U.S. economy . WHEN & WHERE: Comments made in March and April 2026 . KEY QUOTE: “I don’t think we’re going back to the pre-war prices for the foreseeable future. Certainly won’t be this year, won’t even be next year. Might not be ever.” – Mark Zandi IMPACT: The prediction suggests long-term elevated prices, with the possibility of a recession later this year. IN FULL Mark Zandi, the chief economist at Moody’s , says he believes high price levels are likely to persist even after…Open