US Inflation Surges to Three-Year High of 4.2%, Driven by Iran War Energy Costs

US consumer prices rose 4.2% in May, the fastest pace in three years, driven by energy costs linked to the Iran war. Fuel prices jumped from $2.98 to $4.15 per gallon since the war began.

BBC Business · Economy · 2026-06-10 12:51:28Z