Latest Inflation Numbers Reflect Impact of War With Iran

May 12, 2026
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    Latest Inflation Numbers Reflect Impact of War With Iran

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The surge in energy prices is likely driving inflation to the highest in three years, nearing a 3.8% reading ahead of new numbers to be released on Tuesday. Soaring oil prices from the Iran war have added costs for farmers, ranchers, shippers and small businesses, and economists say we haven’t felt the full effects yet. NBC’s Christine Romans reports for TODAY.



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