US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices US inflation jumped to 4.2%
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices US inflation jumped to 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices.
Prices have increased sharply over the past several months, rising 3.3% in March before going up to 3.8% in April. In February, before the conflict
began, inflation was at 2.4%. Continue reading...
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