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.
Inflation rises again, driven by energy costs amid Iran war Inflation reached a three-year high for the year ending in May, with prices increasing by 4.2%. The government report highlighted the significant impact of war-related shocks on energy costs. This rise underscores the financial pressures consumers are facing.
- 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.
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