Source: Libertarian Institute
by Joseph Solis-Mullen
“The energy index surged 3.9% in May, accounting for the lion’s share, over 60%, of the monthly CPI gain. Gasoline prices jumped about 7% MoM (with even larger unadjusted moves) and sit 40.5% higher than a year ago. Overall energy costs are up 23.5% YoY. Food prices rose more modestly, while shelter costs continued their steady grind higher in the core measure. This isn’t abstract economic noise. It’s a direct hit to real incomes. … The primary culprit is unmistakable: the ongoing U.S.-involved conflict with Iran that Washington and Tel Aviv launched in late February 2026.” (06/11/26)
https://libertarianinstitute.org/articles/the-iran-wars-hidden-tax-on-american-households