Dossier
Washington, D.C. area
Coverage of Washington, D.C. area in the Nexus archive.
Iran wartopic1Federal Reserveorganization1American Enterprise Instituteorganization1Moody’s Analyticsorganization1Mark Zandiperson1fuel oiltopic1gasolinetopic1used car and truck pricestopic1medical care commoditiestopic1Northeastplace1Midwestplace1Westplace1Southplace1Honolulu, Hawaiiplace1New York City areaplace1Minneapolis-St. Paulplace1Tampa, Floridaplace1
- 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.