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US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices.
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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.
