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US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant Sign up for the Breaking News US email to get newsletter alerts in your inbox US inflation stayed flat at 2.4% in February, according to government data released Wednesday that provides a snapshot of the US economy before it was thrown into a tailspin by the US-Israel conflict with Iran. The levelling comes after prices swung last year, reaching a four-year low in April before shooting back up in September. In late fall, inflation crept down again, reaching 2.4% in January. Core inflation, which doesn’t include the volatile energy and food industries, was 2.5%. The largest price increases were seen in shelter, medical care service and utilities. Some sectors that rely heavily on imports showed clear signs of impact from Donald Trump’s tariffs. Coffee prices were up 18.4% compared with last year. Prices for canned fruit and vegetables, which use steel and aluminum that is tariffed at 50%, were 6.2% higher, as was the price of furniture and bedding by 4.2%. Gas prices were actually down 5.2% for the year, a stark contrast to the skyrocketing prices that’s been s

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Apr 1, 2026
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Mar 11, 2026 → Apr 1, 2026

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Apr 1, 2026·CNNT2 · Outlet report
CNN Poll: Trump’s approval rating on the economy hits a new low | CNN Politics

President Donald Trump’s approval rating for handling the economy has fallen to a new career low of 31%, according to a new CNN poll conducted by SSRS, reflecting growing pessimism among Americans over the issue they consistently…

Read original at CNN →
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April 2026

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Apr 1, 2026·CNNT2 · Outlet reportLATEST
CNN Poll: Trump’s approval rating on the economy hits a new low | CNN Politics

President Donald Trump’s approval rating for handling the economy has fallen to a new career low of 31%, according to a new CNN poll conducted by SSRS, reflecting growing pessimism among Americans over the issue they…

Read original at CNN →

March 2026

4 updates
Mar 30, 2026·CNNT2 · Outlet reportKEY MOMENT
Plastic is the hidden cost of the war in Iran | CNN Business

Experts are warning that consumers will see a rise in prices for a variety of plastic consumer goods due to the war with Iran. Plastic products are partly made out of oil, which has gone up more than 40% since the start…

Read original at CNN →
Mar 23, 2026·The GuardianT2 · Outlet reportKEY MOMENT
UK mortgage interest rates expected to rise despite Trump’s Iran pause

Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe ‘Trumpflation’: how the Iran war’s economic storm could affect Britons Homeowners’ choice of…

Read original at The Guardian →
Mar 19, 2026·CNNT2 · Outlet reportKEY MOMENT
Mortgage rates climb to highest level in more than 3 months as Iran war reignites inflation fears | CNN Business

The war in Iran is driving up the cost of buying a home in America. The average 30-year fixed mortgage rate rose to 6.22% this week, up from 6.11% the week before. It’s the highest level since early December,…

Read original at CNN →
Mar 11, 2026·The GuardianT2 · Outlet reportOPENING
US inflation stayed flat at 2.4% in February before effects of war on Iran kicked in

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant Sign up for the Breaking News US email to get newsletter alerts in your inbox US inflation…

Read original at The Guardian →

Sources & evidence (5)

What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.

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T2 · Outlet reportCNNApr 1, 2026

President Donald Trump’s approval rating for handling the economy has fallen to a new career low of 31%, according to a new CNN poll conducted by SSRS, reflecting growing pessimism among Americans over the issue they consistently…

View source →
T2 · Outlet reportCNNMar 30, 2026

Experts are warning that consumers will see a rise in prices for a variety of plastic consumer goods due to the war with Iran. Plastic products are partly made out of oil, which has gone up more than 40% since the start of the war in late…

View source →
T2 · Outlet reportThe GuardianMar 23, 2026

Bank of England likely to make two quarter-point increases amid sustained rise in inflation, investors believe ‘Trumpflation’: how the Iran war’s economic storm could affect Britons Homeowners’ choice of mortgage deals has shrunk…

View source →
T2 · Outlet reportCNNMar 19, 2026

The war in Iran is driving up the cost of buying a home in America. The average 30-year fixed mortgage rate rose to 6.22% this week, up from 6.11% the week before. It’s the highest level since early December, reflecting the inflation…

View source →
T2 · Outlet reportThe GuardianMar 11, 2026

Effect of war on prices not reflected in data, as Trump says only ‘fools’ would think oil price shocks would be significant Sign up for the Breaking News US email to get newsletter alerts in your inbox US inflation stayed flat at 2.4% in…

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Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary

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