The war in Iran may be on pause, but its effects on prices are still in motion and will continue to ripple through the economy after more than a month of disruption to the global oil supply.
Gas prices, for starters, are up more than 40% since February, and aren’t likely to subside soon. Airfares have climbed as well. Other price hikes are likely to follow in the months ahead, in areas as disparate as food, clothing and electronics. This comes on top of already persistent inflation.
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