18 Hrs
Source:
اقتصاد سكاي نيوز عربية
Trump comments on inflation amid Iran conflict
The report indicated that inflation in the United States reached its highest level in three years, with the Consumer Price Index rising by 4.2% in May compared to the same month last year. This increase was driven by a 23.5% rise in energy prices, including a 40.5% increase in gasoline prices. The main causes are attributed to the effects of the Iran crisis, which led to higher energy costs and food prices. It is expected that inflation will peak and then decline as solutions to the crisis are reached later in the year.
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