BUSINESSWGN9 CHICAGO
Inflation rises to 4.2 percent in May, highest level in 3 years
The 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 the Department of Labor's consumer price index data.
Related Signal
Adjacent reporting
- Inflation rises to 4.2 percent in May, highest level in 3 years
- 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
- CPI surged in April as inflation soars to highest level in almost 3 years
- US inflation jumps to 3.8% as energy costs surge from Iran war