Economist Heather Long warns that inflation is so high it is "erasing all wage gains".

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.

This year’s summer BBQ will be a lot more expensive than last.

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…

Soaring prices push consumers’ wallets to the brink

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.

US inflation accelerated to 4.2% in May, driven by a sharp rise in energy prices as gasoline costs climbed more than 40% year-over-year.

President Trump taunts Iran as "defeated" while a 40% gas price explosion drives May CPI to a 3-year high of 4.2%.

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…

Americans have been battered by years of higher-than-expected inflation. Read more at straitstimes.com. Read more at straitstimes.com.

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

Economist Heather Long warns that inflation is so high it is "erasing all wage gains".