Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.
Energy costs accounted for more than 60% of the monthly rise in the consumer price index in May.
Joe Raedle/Getty Images North America
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Joe Raedle/Getty Images North America
Energy Prices Drive U.S. Inflation To Three-Year High | OilPrice.com
US inflation hit three-year high in May as Iran war kept energy prices elevated
Inflation rose to 4.2% in May, highest in three years, as Iran war spiked energy prices
Inflation set to top 4% for first time in three years on Iran war price shock | CNN Business
Inflation rises as energy prices soar due to Trump’s Iran war
Cost of conflict: US inflation hits 3-year high as Iran war fuels energy shock
US inflation spikes to 3-year high in May as Iran war energy shock persists
Inflation hits 4.2% in May, highest in over 3 years as energy prices soar
The inflation surge is hitting businesses, too
Inflation spikes as Iran war stokes energy costs, according to May CPI
