Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy 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.

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising…

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.

Soaring prices push consumers’ wallets to the brink

The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.

The recent increase has been driven in large part by spiking energy prices, which have soared as the conflict with Iran disrupted the global oil supply.

Inflation rose for a third consecutive month amid the Iran war, matching expectations.

Inflationary pressures tied to the Iran war keep building.

US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to…

Consumer prices for the year ending in May rose by 4.2%, the fastest inflation rate in three years, the Bureau of Labor Statistics reported Wednesday.

Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy prices.

The soaring costs are a major issue for American voters as they head to the midterm election in November.

U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher

The consumer price index rose 4.2% in May, driven largely by energy costs that are up about 24% year over year.

Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core…

U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices.

The Producer Price Index, which tracks costs businesses pay, rose at its fastest rate since 2022, adding to worries that higher energy costs tied to the war with Iran are mounting.