Inflation Gauge Remains High Amid Trade Fights and Iran War

A closely watched inflation measure has remained elevated in recent months, signaling that many Americans are still grappling with higher costs.

The measure, which is closely monitored by the Federal Reserve, stayed high last month as prices continued to rise across various sectors.

The Iran war and ongoing US trade disputes have contributed to the surge in gas prices, making life even more expensive for consumers.

The inflationary pressures are likely to be a key issue in the upcoming midterm elections, which are just 10 weeks away.