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International Business Times UK
International Business Times UK
World
Tanmay Puri

Fed Warns Iran Conflict Is Driving 'Strong' Inflation Across America, And Your Grocery Bill Could Be Next

Fed Warns Iran War Is Fueling Inflation Across America And Grocery Prices Could Be Next (Credit: MART PRODUCTION/Pexels)

The Federal Reserve warns that soaring energy costs linked to the Middle East are hitting supermarket shelves as businesses struggle to absorb the strain of rising global prices.

Inflation across the United States is accelerating sharply as the escalating conflict with Iran disrupts global energy supply chains, according to the latest Federal Reserve assessment.

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