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Americans hit hard as inflation jumps to the highest level in three years
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleGas prices over $6 a gallon are displayed at a VP Fuels station near a billboard advertising the UFC fight at the White House (Getty)U.S. inflation has climbed above 4 percent for the first time in three years. The inflation rate rose 4.2 percent year-on-year in May, significantly higher than the 2.4 percent recorded before the war began on February 28. This increase in inflation is largely attributed to soaring energy costs, impacting the cost of living across various consumer goods. Gas prices have surged more than 50 percent since the war started, including a 7 percent month-on-month increase in May. The average price for a gallon of gas in the U.S. currently stands at $4.15. In fullInflation rises as energy prices soar due to Trump’s Iran warThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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npr.org
Inflation tops 4% for the first time in 3 years on spike in gasoline prices
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.
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independent.co.uk
Inflation rises as energy prices soar due to Trump’s Iran war
Soaring prices push consumers’ wallets to the brink
