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United's new ‘luxury' strategy is a risky bet for investors when fares and complaints are sky-high.
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Ben Casselman, our chief economics correspondent, describes how the increase in prices as a result of the war in Iran is beginning to show up in the data, and what could come next.
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Tribal gas stations offer a reprieve from high prices during Iran war AP NewsView Full Coverage on Google News
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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Consumer prices in March were up 3.3% from a year ago, the biggest annual increase in nearly two years. Higher gasoline prices tied to the war with Iran accounted for much of the surge.
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Whatever happens in the Middle East, European prices are unlikely to rise as much as they did in 2022
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