Inflation to 'Increase Rapidly' in Coming Months if Mideast War Continues—Economist

Inflation to 'increase rapidly' in coming months if Mideast war continues—economist

The inflation rate could further accelerate if the war in the Middle East continues, an economist warned on Tuesday.

ECB economist warns of spike in inflation from war

Eurozone inflationary pressures had not fully eased even before the outbreak of war in the Middle East, with February data showing a pick-up in both headline and core inflation. Inflation rose to 1.9 per cent in February from 1.7 per cent a month earlier, while core inflation, which strips out…