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Inflation expected to climb to highest level in 2 years

The federal government delivers a cost-of-living report Friday. A spike in gasoline prices triggered by the war with Iran is expected to push inflation to its highest level in nearly two years.

Copyright 2026 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.