BUSINESSMISSOURI INDEPENDENT
Inflation spiked to 4.2%, a three-year high, in May
Consumer price inflation rose to 4.2% in May, the highest in three years, driven by energy price spikes linked to the Iran war. Core inflation (excluding food and fuel) was 2.9%, with significant increases in apparel (4.8%) and transportation services (4.1%). The report dampened hopes for a Federal Reserve interest rate cut.
Mentioned
Iran wartopicFederal ReserveorganizationAmerican Enterprise InstituteorganizationMoody’s AnalyticsorganizationMark Zandipersonfuel oiltopicgasolinetopicused car and truck pricestopicmedical care commoditiestopicNortheastplaceMidwestplaceWestplaceSouthplaceHonolulu, HawaiiplaceNew York City areaplaceMinneapolis-St. PaulplaceWashington, D.C. areaplaceTampa, Floridaplace
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Adjacent reporting
- Inflation spiked to 4.2%, a three-year high, in May
- Inflation spiked to 4.2%, a three-year high, in May
- Inflation spiked to 4.2%, a three-year high, in May
- Inflation rises to 4.2 percent in May, highest level in 3 years
- Inflation rises to 4.2 percent in May, highest level in 3 years
- US inflation hits highest level in three years