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More inflation to come as Iran war costs keep soaring
By Kevin White and Charles Elliman2026-09-18T10:32:00
Elevated fuel and logistics costs due to the ongoing blockade of the Strait of Hormuz were singled out as a key driver in the increase in the headline inflation rate this week, which rose from 2.9% in July to 3.1% in August
The impact of the Iran war and the recent resurgence of hostilities between the US and Iran continues to be felt across food supply chains, with industry experts warning inflation is showing no sign of letting up.
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