Honolulu, Hawaii
Coverage of Honolulu, Hawaii in the Nexus archive.
- 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.
- 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.
- Inflation spiked to 4.2%, a three-year high, in May
Consumer price inflation reached 4.2% in May, the highest in three years, driven by energy price spikes linked to the Iran war. The core inflation rate was 2.9%, with significant increases in apparel and transportation costs. The report dampened hopes for a Federal Reserve interest rate cut.