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Wed, 11 Mar 2026

Wed, 11 Mar 2026 US inflation stable ahead of Iran shock

With energy prices jumping, analysts say the report might be viewed as a "historical artefact".

* US inflation rate remained stable at 2.4% in February, matching January's pace.
* Rising food and housing costs were offset by falling prices for items like used cars.
* Prices gathered before the US-Israel conflict with Iran began, but analysts warn of a potential rise to above 3% due to rising oil prices.
* Average cost of gasoline in the US hit $3.50 (£2.61) on Tuesday, the highest since 2024.
* Fed's 2% inflation target has been surpassed since 2021, and recent interest rate hikes may be reevaluated.
* Energy price spikes caused by conflict are typically ignored, but persistent overshoot may prompt a response from the Fed.
* Jersey government and Consumer Council will monitor supply chain impacts of the conflict.