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
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
May inflation is expected to have jumped as the Iran war sent prices higher
