The latest data indicates that inflation could have been closer to the target level if it weren't for the impact of the war in Iran. The Consumer Price Index (CPI) revealed that inflation is currently stable, with rent prices showing a slowdown while energy costs are on the rise. Additionally, the S&P 500 experienced a decline in response to these developments. It is suggested that without the disruptions caused by the conflict in Iran, inflation may have been tracking in line with expectations.