BUSINESSSEATTLE TIMES
Inflation likely reached 3-year high last month as Iran war spikes gas prices
Consumer prices likely increased in May for the third consecutive month, reaching a 3-year inflation high. The rise is linked to the Iran war's impact on gas prices, causing concerns for the Federal Reserve and posing a threat to the Trump administration ahead of midterms.
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Adjacent reporting
- Inflation expected to jump to a 3-year high as Iran war continues to fuel rising prices
- Inflation jumps to 3-year high, CPI shows, and that’s not the end of it
- UK inflation rises to 3.3% amid soaring fuel prices driven by Iran war
- US inflation rose at fastest pace in three years in April as Iran war hikes up prices
- US inflation rose at fastest pace in three years in April as Iran war hikes up prices
- Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years