BUSINESSWISCONSIN EXAMINER
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 rising energy prices linked to the Iran war. The core inflation rate was 2.9%, with significant increases in fuel oil (58.9%) and gasoline (40.5%), dampening hopes for an interest rate cut.
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- Inflation rises to 4.2 percent in May, highest level in 3 years
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