Bloomberg (May 9)
2026/ 05/ 11 by jd in Global News
“A fresh batch of consumer price data in the coming week is likely to affirm Americans’ growing frustration with inflation.” According to a Bloomberg survey, economists are predicting “a sharp 0.6% increase in the consumer price index for April” as “prices at the gas pump have vaulted more than 50% since the US- and Israeli-led war on Iran started in late February.” Moreover, this is likely to begin filtering through to the broader economy. “The swift upturn in fuel prices is likely to be passed on by businesses in the form of higher consumer prices for other goods and services.”
Tags: April, Broader economy, Consumer prices, Economists, Fuel prices, Gas pump, Goods, Growing frustration, Inflation, Iran, Israel, Prices, U.S., Upturn, War
