BUSINESSLOUISIANA ILLUMINATOR
Inflation spiked to 4.2%, a three-year high, in May
Consumer price inflation reached 4.2% in May, a three-year high driven by energy price spikes linked to the Iran war. Core inflation was 2.9%, with significant increases in apparel and transportation costs. The war's economic costs have exceeded benefits from tax refunds under the Trump administration, according to Moody’s Analytics.
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- Inflation rises to 4.2 percent in May, highest level in 3 years
- Inflation spiked to 4.2%, a three-year high, in May
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