The conflict in the Middle East is reviving the specter of inflation and hobbling the global economy just as it was showing signs of strengthening at the start of the year, the OECD said.

The largest monthly jump in gas prices in six decades caused a sharp spike in inflation in March, heightening the political challenges of rising costs for the White House.

The OECD on Thursday issued a somber warning about the economic impact of the Iran war if it drags on, saying inflation could reach a painful 4.2% in the US this year. “The breadth and duration of the conflict are very uncertain, but a prolonged period ...

Last week, the Federal Reserve released its 2026 inflation forecast, predicting a 2.7% inflation rate for the year. But this week, internationally renowned forecaster OECD predicted that the Fed was very, very wrong, forecasting a jaw-dropping 4.2%.

With higher fuel prices, retail inflation based on Consumer Price Index (CPI) is likely to have surged between 3.5 and 4 per cent in March. It was 3.2 per cent in February.

Tue, January 27, 2026 at 2:35 PM UTC A 66-year-old retiree with $1.5 million and a 60/40 portfolio faces a quiet crisis when inflation runs higher than planned. She budgeted for 3% annual inflation over 30 years. Instead, inflation averages 4.5%, and ...

Inflation rate sped up in March to its fastest in 20 months, driven by the series of hikes in the retail prices of petroleum products due to the ongoing war in the Middle East, the Philippine Statistics Authority (PSA) reported on Tuesday.

President Donald Trump said Sunday that soaring gas prices could go “a little bit higher” before the midterm elections, signaling the Republican Party faces an uphill battle on economic messaging ahead of November.