The Hill
US · 1 hrs ago
Inflation rises to 4.2 percent in May, highest level in 3 years
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Inflation rises to 4.2 percent in May, highest level in 3 years
The annual inflation rate increased to its highest point in three years as the cost of energy and other goods rose due to the Iran war, according to data released by the Department of Labor on Wednesday. The consumer price index (CPI), a popular gauge of inflation, rose 4.2 percent over the past 12 months…
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