Iran war is boosting inflation outlook for full year

The conflict in the Middle East boosting the outlook for inflation for the full year and raising concerns about profit margins, but so far having an only modest impact on the overall growth forecast. The NAB industry outlook three-month expectations in the survey shows that a net negative 18% see rising profit margins over the next three months. Positive 42% are charging more and that's the most since 2022.Net positive 63% see their material cost riding rising and only 12% on net see their capex increase. T ...