Trump faces fresh inflation challenge as Iran tensions push oil prices higher
- Americans may have caught a rare break from rising prices last month as falling gas costs helped push inflation lower.
- But the relief could be short-lived, with renewed tensions involving Iran sending oil prices sharply higher and threatening to reignite inflation.
- A government report due Tuesday is expected to show consumer prices fell 0.2% in June, according to economists surveyed by FactSet.
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- Americans may have caught a rare break from rising prices last month as falling gas costs helped push inflation lower.
- But the relief could be short-lived, with renewed tensions involving Iran sending oil prices sharply higher and threatening to reignite inflation.
- A government report due Tuesday is expected to show consumer prices fell 0.2% in June, according to economists surveyed by FactSet.
Sources: The Independent