OECD Forecasts US Inflation To Rise to 4.2% Over Iran Conflict

The OECD has projected that U.S. inflation will hit 4.2% as a result of the ongoing Iran conflict, the highest rate of inflation among G7 nations. “A prolonged period of disruption could also result in the emergence of significant energy shortages that would lower growth further,” the OECD also suggested (via Financial Times).