BUSINESSTHE HILL
Inflation rises to 4.2 percent in May, highest level in 3 years
Annual inflation rate rose to 4.2 percent in May, the highest level in three years, driven by increased costs of energy and other goods linked to the Iran war, according to data from the Department of Labor.
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Adjacent reporting
- Inflation rate rises to 3.3 percent in March amid hiked energy costs from Iran war
- Inflation tops 4% for the first time in three years as Iran war drives energy costs higher
- US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
- US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
- US inflation jumped to 3.8% in April as war with Iran continues to drive up prices
- UK inflation rises to 3.3% amid soaring fuel prices driven by Iran war