Inflation climbs to 4.2% in May as Iran conflict drives energy costs
TL;DR
Inflation rose to 4.2% in May—the fastest pace in three years—driven by higher energy costs tied to the Iran war, with gas prices up and overall consumer prices climbing, intensifying political pressure on the White House and signaling possible Fed policy moves.
Topics:businesseconomy#consumer-prices#economic-indicators#economic-outlook#economy#energy-markets#inflation
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- Trump Shrugs Off High Prices Amid Iran War and Says ‘I Love the Inflation’ The New York Times
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