Inflation rose to 4.2% in May, highest in three years, as Iran war spiked energy prices
Inflation rose four-tenths of a percentage point to 4.2% for the year ending in May, the Bureau of Labor Statistics reported in an update to the consumer price index Wednesday, as high energy prices from the Iran war pushed up the headline number. The inflation reading for May was the highest since April 2023. SOARING […]
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