Inflation rises to 4.2 percent in May, highest level in 3 years

Source: The Hill News · Bias: Center

Summary

The annual inflation rate increased to its highest point in three years as the cost of energy and other goods rose due to the Iran war, according to data released by the Department of Labor on Wednesday. The consumer price index (CPI), a popular gauge of inflation, rose 4.2 percent over the past 12 months…

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Inflation rises to 4.2 percent in May, highest level in 3 years
The Hill News

Inflation rises to 4.2 percent in May, highest level in 3 years

Center

The annual inflation rate increased to its highest point in three years as the cost of energy and other goods rose due to the Iran war, according to data released by the Department of Labor on Wednesday. The consumer price index (CPI), a popular gauge of inflation, rose 4.2 percent over the past 12 months…

Inflation rises to 4.2 percent in May, highest level in 3 years | ParallaxNews.io