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Higher gasoline prices likely pushed up US inflation in May
US consumer inflation likely increased at its fastest pace in three years in May as the Middle East conflict raised prices of energy products, which would provide more ammunition for the Federal Reserve to keep interest rates unchanged this year.
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abcnews.com
Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially
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…
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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.
