Fuel prices have increased faster in the US than in any other G7 country since the Iran war began, dealing a blow to American consumers and upending Donald Trump’s efforts to tame inflation.
US petrol prices at the pump have jumped 42 per cent since the days leading up to the war in late February, according to JPMorgan.
The next highest increases in G7 countries were recorded in Canada and the UK, with prices up 24 per cent and 19 per cent respectively. In Italy prices have risen 4.6 per cent.
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