"The bulk of the increase stemmed directly from energy prices, which have shot higher this year because of the war with Iran". https://www.nytimes.com/live/2026/10/14/business/inflation-cpi-report-september?smid=nytcore-android-share
www.nytimes.com/live/2026/10/14/business/inflation-cpi-report-september?smid=nytcore-android-shareReplying to @SeanCasten@mastodon.social
This article should be read in tandem with this report from the NY Fed that looked at causes of inflation *prior to* the Iran invasion, and concluded it was "entirely" due to Trump tariffs. https://www.cnbc.com/2026/10/08/inflation-tariffs-trump-fed-consumer-goods.html
Replying to @SeanCasten@mastodon.social
In other words, 100% of inflation is due to two bad decisions by Trump and his enablers. It's exceptionally rare to have that kind of a direct cause and effect. OTOH, the impacts of both on inflation were entirely predicted and they did them anyway.