Economy May 13 Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers By Paul Wiseman, Associated Press
World May 12 Watch 4:42 Hegseth grilled over direction of Iran war and costs for Americans Defense Secretary Pete Hegseth testified in back-to-back Capitol Hill hearings where he faced bipartisan frustration about the Iran war and its rising costs. With neither the Americans nor the Iranians softening their demands, the President left for a high-stakes visit… By Stephanie Sy, Winston Wilde
Economy May 12 Watch 5:18 Inflation could hit 4% next month and stay elevated for rest of year, economist warns The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to… By Geoff Bennett, Jackson Hudgins
Economy May 12 Iran war hits home as gasoline prices fuel significant U.S. inflation jump The Labor Department's consumer price index rose 3.8% from April 2025 and up from a 3.3% year-over-year gain in March. By Paul Wiseman, Associated Press
Economy May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. By Christopher Rugaber, Associated Press
Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices By Christopher Rugaber, Associated Press A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. Continue reading
Apr 14 IMF cuts the outlook for global growth in the fallout from from Iran war By Paul Wiseman, Associated Press The Iran war has stalled the world's economic momentum this year, likely pushing growth lower compared to 2025, the International Monetary Fund warned Tuesday. Continue reading
Apr 14 U.S. wholesale prices surged 4% last month during the Iran war By Paul Wiseman, Associated Press The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate. But some Fed policymakers are inclined to raise rates instead,… Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading
Apr 06 Watch 8:53 Farmers warn of food price spike as war drives up fuel and fertilizer costs By Geoff Bennett, Jackson Hudgins About a third of the world’s fertilizer supply passes through the Strait of Hormuz, and its effective closure is causing shortages and price spikes for fertilizer during the crucial spring planting season. That has led to fears of elevated food… Continue watching