US inflation stable ahead of Iran shock
Consumer prices rose 2.4% over the 12 months to February, the same pace as the prior month, as rising food and housing costs were offset by falling prices for other items, such as used cars. Kenya breaking news | Kenya news today |..
✨ Key Highlights
US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.
- Consumer prices rose 2.4% over the 12 months to February.
- Key players include the US central bank, the Federal Reserve, and analysts from Principal Asset Management.
- The conflict has already driven the average cost of a gallon of car fuel past $3.50, with analysts predicting inflation could exceed 3%.
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Oil Price Jumps Despite Record Reserve Release Amid Iran War - March 2026
Oil prices surged despite a record release of emergency reserves by International Energy Agency member countries aimed at stabilizing the market following concerns linked to the Iran war. A looming fuel shortage threatens Kenya and Uganda by the end of March due to global ramifications from the Iran war. Kenyan exporters of perishable goods are facing significant financial losses due to shipping route disruptions caused by the conflict between the US and Iran, with extended transit times leading to quality degradation and mounting expenses for key agricultural and meat products. US inflation remained stable at 2.4% in February, a figure recorded before the impact of the US and Israel war in Iran on energy prices.
