{"id":3287,"date":"2026-04-10T21:00:08","date_gmt":"2026-04-11T01:00:08","guid":{"rendered":"https:\/\/vr-news.net\/?p=3287"},"modified":"2026-04-10T21:00:08","modified_gmt":"2026-04-11T01:00:08","slug":"trumps-war-in-iran-hits-pockets-at-home-as-inflation-spikes","status":"publish","type":"post","link":"https:\/\/vr-news.net\/?p=3287","title":{"rendered":"Trump\u2019s War in Iran Hits Pockets at Home as Inflation Spikes"},"content":{"rendered":"
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Today\u2019s Consumer Price Index (CPI) report shows prices surged 3.3% over the past year in March. Prices jumped by 0.9% in the past month alone. The spike in prices was largely driven by the energy price shock from Trump\u2019s war with Iran, which has skyrocketed oil prices<\/a> and pushed gasoline above $4 per gallon<\/a>. This report is the first full snapshot of inflation since the onset of the conflict. Even with a two-week ceasefire in place, global supply chains are still disrupted and the inflationary shockwaves will continue to hit Americans\u2019 wallets for months to come. <\/p>\n

Groundwork Collaborative’s Managing Director of Policy and Advocacy Elizabeth Pancotti<\/a> shared her reaction:<\/strong><\/p>\n

\u201cToday\u2019s inflation report comes as no shock to anyone who has filled up their gas tank in the past month. The toll of Trump\u2019s war in Iran won\u2019t stop at the pump \u2013 price hikes on summer vacations, groceries, and electronics are coming down the pike as his war stokes chaos in supply chains around the world. By pursuing this illegal war, the president has made it clear that he\u2019s putting American families last.\u201d <\/p>\n

BACKGROUND<\/strong><\/p>\n

Rising energy prices are driving the spike in inflation. <\/strong>Energy prices in March surged 12.5% over the past year and 10.9% in March alone. Gasoline prices have risen from just under $3 before the conflict to over $4 a gallon, and diesel has climbed more than 50% to $5.68<\/a>, just 13 cents below its record-high in June 2022. Rising gasoline prices accounted for nearly three-fourths of the increase in headline inflation last month.<\/p>\n

The fallout of Trump\u2019s agenda doesn\u2019t stop at the gas pump. <\/strong>Core CPI, which excludes food and energy, rose 2.6% over the past year, up from 2.5%, and 0.2% over the past month. <\/p>\n