00:00In March 2026, the United States recorded a spike in inflation as a consequence of President Donald Trump's war against
00:07Iran,
00:07which violates international law and fuels widespread economic uncertainty worldwide.
00:12Let's see.
00:14March 2026, the United States recorded a spike in inflation as consequence of President Donald Trump's war against Iran,
00:23which violates international law and fuels widespread economic uncertainty worldwide.
00:32According to the U.S. Bureau of Labor Statistics, the Consumer Price Index, CPI, a key inflation measure,
00:40rose 3.3 percent for the 12 months ending March 2026, a sharp increase for 2.4 percent in the
00:48figure for the period ending in February.
00:51On a monthly basis, consumer prices rose 0.9 percent, the largest increase since June 2022,
00:58boosted by the surge in gas prices.
01:02It is the first CPI report since the U.S.-Israeli-unprovoded attacks against Iran began on February 28th,
01:10and it illustrates the financial fallout for consumers from the first month of the escalation in the Middle East.
01:16The rise was primarily driven by higher energy costs, which rose 10.9 percent in March,
01:22led by fuel oil 30.7 percent, and gasoline 21.2 percent.
01:28The latter recording is the largest monthly increase since record collection began in 1967.
01:40Other indices with notable increases over the months include airline fares 2.7 percent,
01:47apparel 1 percent, household furnishing and operation 0.2 percent, and education 0.3 percent.
01:58In this context, consumer confidence is also falling.
02:02The University of Michigan Consumer Survey reported a 10.7 percent drop to its lowest level on record,
02:10noting the decline began with the Middle East conflict,
02:13with many consumers attributing unfavorable economy changes to the U.S. war against Iran.
02:19The U.S. war against Iran, the U.S. war against Iran, the U.S. war against Iran.
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