Inflation Accelerates to Fastest Pace in 3 Years as Energy Prices Bite
Companies appear hesitant to pass those price increases on to weary consumers, whose wages arenβt keeping up.
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Companies appear hesitant to pass those price increases on to weary consumers, whose wages arenβt keeping up.
US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4. 2% from a year earlier, the most since early 2023. The core CPI, which excludes food and energy, increased 0.
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Developing story β details emerging. Check the source link for the latest updates.