top
US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war
Why this matters: a developing story that could shape the day's news cycle.
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy prices US inflation jumped to 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans continue to face steep oil prices. Price
Read full story on The Guardian → More top storiesAlso covered by
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop