Inflation rises again, driven by energy costs amid Iran war
Prices rose 4.2% for the year ending in May as inflation hit a three-year high, the government said Wednesday in a report that underscored the impact of war-related shocks to energy costs.
TL;DR
- Prices increased by 4.2% for the year ending in May.
- Inflation has reached a three-year high.
- War-related shocks to energy costs are identified as a key driver.
- The government released this report on Wednesday.