War-fueled energy costs push May inflation higher ahead of CPI data
TL;DR Summary
Inflation likely rose for the third straight month in May as the Iran conflict boosted energy costs; economists expect the CPI to show about 4.2% year-over-year inflation with core inflation near 3%, keeping Fed rate hike bets on the table while tariffs and supply constraints could sustain price pressures.
- May inflation is expected to have jumped as the Iran war sent prices higher NBC News
- The May inflation numbers are due out Wednesday morning. Here's what to expect CNBC
- Higher gasoline prices likely pushed up US consumer inflation again in May Reuters
- CPI: US inflation likely continued to heat up last month Yahoo Finance
- Inflation set to top 4% for first time in three years on Iran war price shock CNN
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