ECB’s Christine Lagarde’s alert: Prices may rise faster than in 2022 due to Iran war

European Central Bank chief Christine Lagarde warns businesses might raise prices quicker due to recent inflation experiences. She notes that memories of the 2022 price surge after Russia's Ukraine invasion could influence current reactions. While current inflation is cooling, the risk of geopolitical escalation involving Iran poses a significant threat to price stability, as firms may no longer wait to pass on costs to consumers.