{"id":1030,"date":"2026-03-12T10:24:20","date_gmt":"2026-03-12T10:24:20","guid":{"rendered":"https:\/\/kme.com.cy\/?p=1030"},"modified":"2026-03-12T10:24:20","modified_gmt":"2026-03-12T10:24:20","slug":"lengthy-iran-war-could-cause-inflation-spike-warns-ecbs-top-economist","status":"publish","type":"post","link":"https:\/\/kme.com.cy\/?p=1030","title":{"rendered":"Lengthy Iran war could cause inflation \u2018spike\u2019, warns ECB\u2019s top economist"},"content":{"rendered":"<p>Prolonged war in the Middle East and a persistent fall in oil and gas supplies from the region could cause a \u201csubstantial spike\u201d in inflation and a \u201csharp drop in output\u201d in the Eurozone, the European Central Bank\u2019s chief economist has warned.<\/p>\n<p>In an interview with the FT, Philip Lane said that \u201cdirectionally, a jump in energy prices puts upward pressure on inflation, especially in the near term\u201d, and that such a development would be \u201cnegative\u201d for growth.<\/p>\n<p>European gas prices shot up almost 50 per cent at one point on Monday, after Qatar halted liquefied natural gas production following strikes from Iran, which has come under attack from the US and Israel since Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prolonged war in the Middle East and a persistent fall in oil and gas supplies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1030","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lengthy Iran war could cause inflation \u2018spike\u2019, warns ECB\u2019s top economist | KME Chartered Accountants<\/title>\n<meta name=\"description\" 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