fuel oil

Consumer price inflation reached 4.2% in May, a three-year high driven by energy price spikes linked to the Iran war. Core inflation, excluding food and fuel, was 2.9%, exceeding the Federal Reserve’s 2% target and reducing hopes for an interest rate cut.

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.

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.

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.

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.

Cuba is experiencing a fuel crisis with 22-hour blackouts due to a complete depletion of diesel and fuel oil reserves. The nationwide disruption has been confirmed by officials. This shortage has significant implications for the country's daily operations.