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US inflation tops 4% for first time in three years as oil prices jump | CNN Business
Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics.
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cbsnews.com
Inflation in May likely topped 4% for the first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
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forbes.com
Consumer Prices Rose 4.2% In May—Highest Inflation Since 2023
Inflation worries remain as employment data has surpassed expectations.
