US Inflation: Cost of conflict: US inflation hits 3-year high as Iran war hits energy shock & more related News Here
US inflation hit a three-year high in May, mainly due to rising energy prices linked to global supply disruptions following the Iran conflict, according to official data released on Wednesday.The US Labor Department said the consumer price index (CPI) rose 4.2% in May from a year earlier, up from 3.8% in April.This is the third…