The Daily Wire
US · 5 hrs ago
✦ 78→ Right
Inflation Passes Unfavorable Mark For First Time Since 2023
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Quality 78/100
Partisan intensity 35/100
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→ Right ✓ Fair headline
US inflation rose to 4.2% in May 2024, driven primarily by higher energy costs amid geopolitical tensions, meeting analyst expectations for a 0.4 percentage-point increase from April's 3.8% rate.
Inflation Passes Unfavorable Mark For First Time Since 2023
Inflation ticked up to 4.2% in May, according to data released Wednesday by the Bureau of Labor Statistics. The 4.2% increase was in line with expectations, with analysts predicting a 0.4 percentage-point increase from April’s 3.8% annual rate. The inflation increase was driven primarily by higher energy costs as oil prices surged amid tensions in ...
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