How Rising Oil Prices Are Reshaping the U.S. Economy and Politics

WealthCoffee · 2026-03-12T02:57:38+00:00

In February 2026, the US CPI and core CPI increased by 2.4% and 2.5% year-on-year, respectively, indicating stable inflation trends. The rise in oil prices triggered by the US-Iran conflict will have a significant impact on US inflation, requiring a reassessment of the potential effects of oil prices on the economy.

WealthCoffee

2026-03-12 02:57:38

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Beijing Time March 11th, the U.S. Bureau of Labor Statistics (BLS) released the February 2026 U.S. inflation data: in February, the U.S. CPI and core CPI increased by 2.4% and 2.5% year-on-year, respectively, indicating that inflation remains stable. Before the U.S.-Iran conflict, the key variables affecting U.S. inflation were tariff impacts and endogenous economic demand, rather than energy prices. However, the outbreak of the U.S.-Iran conflict disrupted the stability of international oil prices, making it necessary to reassess the potential impact of sharp oil price increases on U.S. inflation and the economy.

In the U.S., factors such as residents’ demand for refined oil products, the difficulty for businesses to pass on costs, and the influence of oil prices on inflation expectations differ from China. Overall, oil prices will have a more significant impact on U.S. inflation.

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