This Is How Much Surging Oil Prices Will Boost Inflation

CoffeeNFTs · 2026-04-07T19:57:02+00:00

Economists are raising inflation forecasts due to rising crude oil prices affecting U.S. consumer purchasing power, with Morningstar projecting a jump to 3.3% this year.

CoffeeNFTs

2026-04-07 19:57:02

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More economists are hiking inflation forecasts and dashing expectations for interest-rate cuts this year as the spike in crude oil prices dents U.S. consumers’ purchasing power. The forecasts offer an ominous outlook ahead of two inflation reports this week. In its latest economic outlook, Morningstar expects inflation to jump to 3.3% this year, up from 2.6% in 2025, mainly because…

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