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The surge in oil and gasoline prices last week amid the Iran conflict has darkened the inflation outlook. It is coming at a time when the outlook was already more confused than usual.

By WSJ March 09, 2026 Bearish
The surge in oil and gasoline prices last week amid the Iran conflict has darkened the inflation outlook. It is coming at a time when the outlook was already more confused than usual.
As energy prices rise, the inflation picture is muddied by an unusual divergence between two key gauges of consumer costs.
As energy prices rise, the inflation picture is muddied by an unusual divergence between two key gauges of consumer costs.