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US Inflation Rises to 4.2% in May
US inflation rose to 4.2% in May, marking the third consecutive increase since the start of the Iran war. This surge complicates the economic outlook and upcoming decisions for the Federal Reserve.
10 Jun, 12:34 — 10 Jun, 13:03
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Sources
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The GuardianMostly Factual35d ago
US inflation jumped 4.2%, the third consecutive increase since start of Iran war
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices US inflation jumped 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices. Prices have increased sharply over the past several months, rising 3.3% in March before going up to 3.8% in April. In February, before the conflict began, inflation was at 2.4%. Continue reading...
By Gaya Gupta
Read full article →YahooMostly Factual35d ago
US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
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First report: nrk · 10 Jun, 06:00|Full coverage: 9 · 8h|Window: 8h
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