Yannick Lefang, Eng
July 27, 2026
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The economic impact of the U.S.–Iran war is typically measured through oil prices, shipping disruptions, inflation and interest rates. But the first and potentially most consequential transmission channel is how households interpret the shock and change their behaviour.
Consumer sentiment can deteriorate before inflation appears in official statistics, retail …
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Food remains a major source of inflation pressure, even where headline inflation is easing
Consumer confidence slowed in July as financial pressure keeps spending in check
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