Moody’s Analytics chief economist Mark Zandi estimates the Iran war has cost the average U.S. household nearly $2,000 over seven months, including $1,100 in higher energy prices, $540 in increased interest costs, and $360 in military expenses. This energy cost burden is growing by $50 per week at current fuel prices. Gasoline prices have surged 45% from $2.98 to $4.33 per gallon, while diesel has jumped 68%. Airfares have risen approximately 22% and shoe prices increased 3.4% year-over-year in September.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
