The Iran war has pushed up living costs across major economies, with Italy and France among the worst affected and the US also facing significant pressure. India has seen the sharpest inflation increase among G20 nations, though this partly reflec...
By ET Bureau |
Agencies
The Iran war has pushed up living costs across major economies, with India seeing the biggest inflation rise among G20 nations. (Representative Image)
The Iran war has rapidly raised living costs everywhere. Italy and France, which have seen protests, are among the worst hit; the US, where elections saw Trump diminished, isn’t far behind.
INDIA’S CASE
India’s inflation jump is the biggest among G20 nations, but that’s because it had unusually low inflation earlier. It crossed its 4% target only in June.
West Asia conflict a stagflationary shock; world economy not ready for a long war: Bank of America
