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[quote=Anonymous]Who could have predicted that destabilizing our energy sources could lead to inflation?

https://www.nytimes.com/2026/05/12/business/economy/cpi-inflation-report-consumer-prices.html
[quote]
Inflation Accelerates After Weeks of War in Iran
The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans.

Consumer prices in the United States rose at the fastest rate since May 2023 last month, as sharp increases in energy costs caused by war in the Middle East made life more expensive for American consumers.

The Consumer Price Index rose 3.8 percent in April from a year earlier, the Labor Department reported on Tuesday, up from a 2.4 percent annual increase before the conflict started in February and a 3.3 percent increase in March.

The increase was driven largely by energy prices, up 3.8 percent since the previous month. But the “core” index, stripping out volatile food and energy prices, also rose 2.8 percent over the year in April, up from 2.6 percent in March.

As the heat from President Trump’s tariffs has faded from inflation readings this year, shortages of commodities blocked from transiting through the Strait of Hormuz are taking its place as a pressure on prices. Average gasoline prices are above $4.50 per gallon, according to AAA, while diesel prices have nearly doubled.

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