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 […]
Opening excerpt (first ~120 words) tap to expand
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. Recommended Stories Inflation rose to 4.2% in May, highest in three years, as Iran war spiked energy prices Republicans pivot to combating fraud as midterm elections approach ‘We promised Social Security’: Sharice Davids vows to protect benefits SOARING STOCK MARKET DEFIES BROADER US ECONOMIC DOLDRUMSAdvertisement In just the month of May, prices rose 0.5%.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.
Discussion
0 commentsMore from Washington Examiner
