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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
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