Escalating Iran Conflict and May Data Signal Stagflation Risks

May's Manufacturing PMI data showed a sharp rise in input prices, mirroring the inflation crisis of 2021-2022. Simultaneously, CPI inflation accelerated to 4.2%, gasoline prices surged, and consumer sentiment dropped significantly due to President Trump’s escalating conflict with Iran disrupting energy markets.

By Rich Duprey Sun, May 24, 2026 at 5:00 PM GMT+3 5 min read · Yahoo Finance · May 24, 2026, 14:00 UTC

Escalating Iran Conflict and May Data Signal Stagflation Risks

Topics: CPI energy prices geopolitical tensions inflation manufacturing PMI stagflation

Read the full article at Yahoo Finance

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