US inflation jumps to 3.8% as energy costs surge from Iran war

Re:US inflation jumps to 3.8% as energy costs surge from Ira... by giantg2 on Tuesday May 12, 2026 @10:51AM (#48109177)

"What do you mean by this?"

Pretty simple - an overall increase of 1% inflation is attributed to food and fuel.

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Re:US inflation jumps to 3.8% as energy costs surge from Ira... by mint5 on Tuesday May 12, 2026 @11:27AM (#48109742)

Umm okay so many other aspects of the cpi respond slower and this is a recent shock…

Food and fuel are more sensitive and respond first. There’s been no time for the effects to really get into the others.

And Food and fuel having huge jumps in inflation is major visible pain for consumers.

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Re:US inflation jumps to 3.8% as energy costs surge from Ira... by giantg2 on Tuesday May 12, 2026 @12:22PM (#48110426)

Yes, and that volatility is why economists exclude fuel and food from core CPI.

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Re:US inflation jumps to 3.8% as energy costs surge from Ira... by mint5 on Tuesday May 12, 2026 @12:35PM (#48110626)

Except oil prices are predicted to remain over $100 for at least the rest of this year. It’s not a short term thing.

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Re:US inflation jumps to 3.8% as energy costs surge from Ira... by giantg2 on Tuesday May 12, 2026 @12:41PM (#48110708)

Depends on your definition of short term. Did oil prices drop after '08-'09 timeframe? A few years could be seen as short term in economic trends.

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