US inflation hits new three-year high amid energy price surge

NEWS SUMMARY

US inflation rose 0.5 percent in May, reaching its fastest pace in three years primarily due to a 3.9 percent surge in energy prices, according to the US Labor Department. This data intensifies pressure on the Federal Reserve to consider interest rate hikes ahead of its upcoming policy meeting.

Full BriefGenerated 0m ago

Trump appeared to embrace the data saying, 'I love the inflation', and that prices will drop once the Iran war is over.

This page aggregates and summarizes reporting from Al Jazeera. The Conflict Pulse does not author original reporting. Read the original source for full coverage.

READ ORIGINAL

SHARE ON X WHATSAPP REDDIT

CONFLICT OVERVIEW

Iran

Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.

SOURCE PERSPECTIVES

How outlets across the bias spectrum are covering this conflict.

left

Abbas fought the Taliban alongside US and Australian troops. Now exiled in Iran, he feels abandoned

The Guardian Asia

center

Trump dismisses concerns over conditions on US aircraft carrier

Middle East Eye

Morale on US aircraft carrier enforcing Iran blockade plummets, as sailor jumps overboard: Report

Middle East Eye

right

Shipping traffic falls further in Strait of Hormuz as US, Iran compete over claims to control