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Inflation report shows a contained energy shock
Despite inflation at its highest rate in over three years, the pain isn't bleeding through to inflation in other goods and services.
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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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cbsnews.com
Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
