US inflation hits 3.3% mark

Official data from the Labor Department indicates that the Consumer Price Index rose faster than expected, complicating the economic outlook for the Trump administration.

The impact of the Middle East conflict is now clearly visible in the data, with new car prices also rising by 12.6% over the past year.

Economists warn that a prolonged blockade of the strait could lead to an 'economic catastrophe' and sustained inflationary pressure.

While a temporary ceasefire has been reached, true relief for consumers remains uncertain as global energy supplies continue to be strained.