‘This is just the beginning’: Economist warns of escalating inflation driven by Iran war

New inflation numbers are not good, tripling in just a month and driven by the biggest spike in gas prices in six decades. The price at the pump is more than 21 percent higher than it was just in THE NATIONAL AVERAGE TODAY 4 .15 A GALLON, UP FROM 298 AT THE START OF THE WAR, ALTHOUGH ACTUALLY DOWN A PENNY FROM YESTERDAY. NOW, OUTSIDE OF GAS AND ENERGY, THE ECONOMIC FALLOUT WAS RELATIVELY CONTAINED.FOOD PRICES FLAT, MEAT, CEREAL, FISH, ALL DOWN SINCE FEBRUARY. BUT YEAR OVER YEAR, IT'S A VERY DIFFERENT STORY. ...