BUSINESSNY POST
Inflation tops 4% for the first time in three years as Iran war drives energy costs higher
Inflation exceeded 4% in May for the first time in three years due to higher energy costs linked to the war in Iran. The increase in energy prices amid the conflict contributed to the rise in overall inflation.
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Adjacent reporting
- Inflation surged in March as Iran war drove up energy costs
- Inflation rate rises to 3.3 percent in March amid hiked energy costs from Iran war
- Inflation rises to 4.2 percent in May, highest level in 3 years
- Eurozone inflation soars to 3% as Iran war drives up energy prices
- 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