Inflation Soars to Highest Level Since April 2023
State of the Union: A third consecutive increase in consumer price inflation was driven primarily by rising energy prices. The post Inflation Soars to Highest Level Since April 2023 appeared first on The American Conservative .
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Economy Inflation Soars to Highest Level Since April 2023 State of the Union: A third consecutive increase in consumer price inflation was driven primarily by rising energy prices. David Brady Jun 10, 2026 1:30 PM Loading the Elevenlabs Text to Speech AudioNative Player... Inflation rose to 4.2 percent year-over-year in May, the highest level since April 2023, according to the Bureau of Labor Statistics consumer price index report. Energy shocks from the Iran War accounted for 60 percent of the price increases.Energy prices continued to soar, rising by 3.9 percent, following a 3.8 increase in April and 10.9 increase in March.Exempting volatile items like food and energy, inflation rose 2.9 percent, still above the Federal Reserve’s 2 percent target.
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