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US inflation will surge to 4.2% on [oil price] shock, warns OECD

27 points by alecco ago | 2 comments

alecco [-]

https://archive.ph/qL0dp

Middle East war to push American price growth to ‘highest in G7’

The Middle East crisis will fuel a surge in US inflation to 4.2 per cent this year, the highest in the G7, according to an OECD forecast that highlights the cost of the US-Israeli war with Iran.

bigbadfeline |root |parent [-]

Inflation makes the very rich even richer and more powerful, that warning is good news to them.