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  5. US inflation rises to 4.2% in May amid Iran conflict and higher oil prices

US inflation rises to 4.2% in May amid Iran conflict and higher oil prices

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May’s U.S. consumer price index recorded a year‑on‑year inflation rate of 4.2 %, the highest since February, primarily due to an energy shock tied to the Iran conflict that raised crude prices above $90 per barrel. Core inflation, excluding food and energy, rose to 2.9 %. Monthly CPI increased by 0.5 %.

  1. US
    Kush Desai
    White House
    1. Prices of prescription drugs, dairy products, cars, as well as both health and auto insurance continue to decline thanks to the Trump administration's policymaking.
  2. US
    Todd Vasos
    Dollar General
    1. When that [gas] price hits that $4 mark and then crosses it and then sustains for a while, you start to see that trade-in come in and you start to see that our core customer needs us most.
  3. US
    Heather Long
    Navy Federal Credit Union
    1. It's not just bad vibes about the economy now, there are real financial pressures, especially on middle-class and lower-income households.
  4. US
    Omair Sharif
    Inflation Insights
    1. I don't think we're anywhere near out of the woods yet.

sources

  1. 1.The Guardian
  2. 2.CNN
  3. 3.Los Angeles Times
  4. 4.The Straits Times
  5. 5.PBS News
  6. 6.Hindustan Times
  7. 7.CNA News
  8. 8.South China Morning Post
  9. 9.Financial Times
  10. 10.USA Today

perspectives

  1. 1.US under Donald Trump
  2. 2.2024 US Presidential Election
  3. 3.US Economy
  4. 4.Inflation
  5. 5.US-EU relations
  6. 6.Central Bank
  7. 7.Banking industry
  8. 8.Environmental, social, and governance

countries

  1. 1.United StatesUS
  2. 2.Iran, Islamic Republic ofIR
  3. 3.United KingdomGB

organizations

  1. 1.Federal Reserve System
  2. 2.Ofgem
  3. 3.US Bureau of Labor Statistics
  4. 4.Octopus Energy
  5. 5.University of Michigan
  6. 6.American Automobile Association
  7. 7.British Gas
  8. 8.Fifth Third Bancorp
  9. 9.JPMorgan Chase
  10. 10.Verasight
  11. 11.White House
  12. 12.Busy Baby

persons

  1. 1.Donald TrumpUS
  2. 2.Kevin WarshUS
  3. 3.Arielle Ingrassia
  4. 4.Ben Leff
  5. 5.Beth BenikeUS
  6. 6.Bill Adams
  7. 7.Bruce KasmanUS
  8. 8.Chris O'Shea
  9. 9.Frank Sorrentino
  10. 10.Heather LongUS
  11. 11.Isaac StellGB
  12. 12.Jerome PowellUS

technicals

  1. 1.Strait of Hormuz
  2. 2.12 Day War
  3. 3.Consumer price index
US inflation rises to 4.2% in May amid Iran conflict and higher oil prices