The Iran war will send energy prices surging but leave underlying U.S. inflation virtually unchanged, the Organization for Economic Co-Operation and Development projected Wednesday, revising American economic growth upward even as it cut forecasts for several other major economies.
The Paris-based OECD expects U.S. headline inflation to jump to 4.2 percent this year from 2.6 percent in 2025, driven almost entirely by the energy shock from the near-closure of the Strait of Hormuz. But core inflation — which strips out food and energy — is projected at 3.0 percent in 2026, unchanged from the December forecast, and 2.4 percent in 2027, just a…
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