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US inflation hits three-year high at 4.2% in May amid high energy prices | Collector
US inflation hits three-year high at 4.2% in May amid high energy prices
Economic Times

US inflation hits three-year high at 4.2% in May amid high energy prices

America's consumer prices surged in May, reaching their highest in three years. This jump, fueled by rising gasoline costs due to Middle East conflict, gives the Federal Reserve reason to hold interest rates steady. Inflation is outpacing wages, impacting household finances. This economic trend presents challenges for President Donald Trump's administration ahead of upcoming elections.

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