US May CPI Hits 4.2%, Three-Year High, Driven by Iran War Energy Costs

US CPI rose 4.2% year-on-year in May 2026, the highest since April 2023, driven by Iran war energy costs. Core inflation edged to 2.9%, raising expectations of further Fed rate action.

IRNA · Economy · 2026-06-10 13:51:29Z