Inflation steady in February, but war risks new price surge

The National News Desk cited CEI’s expert on CPI data

“The longer the Strait of Hormuz remains closed, the greater the upward pressure on energy prices. Even if today’s CPI data seem relatively stable, rising energy costs could still reduce household purchasing power and weigh on affordability in the months ahead,” said Steve Swedberg, a research fellow at the Competitive Enterprise Institute.

Those increases could prove temporary once the conflict comes to an end, but are another hit for Americans whose budgets have been battered by nearly five years of elevated prices.

Read more at The National News Desk