BUSINESSAP NEWS
Inflation likely reached 3-year high last month as Iran war spikes gas prices
Inflation is expected to reach a 3-year high of 4.2% in May 2026 due to the Iran war spiking gas prices, with core inflation projected at 2.9%. Rising oil costs from the war and tariffs imposed by President Donald Trump have driven up prices for goods and services, including shipping and groceries.
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