web counter
LEXO PA REKLAMA!

SHKARKO APP

App Store
Google Play

US inflation hits three-year high of 4.2%

2026-06-10 17:02:00, Kosova & Bota CNA

US inflation hits three-year high of 4.2%

Prices in the US in May rose at their fastest pace in three years, with inflation rising to 4.2%.

The increase, up from 3.8% a month earlier, was driven largely by rising energy costs, the Bureau of Labor Statistics (BLS) said.

This marked the third consecutive month that the Consumer Price Index (CPI) has risen, with households increasingly feeling the pressure of the US and Israel's war on Iran.

Higher inflation increases the likelihood that the U.S. Federal Reserve will raise interest rates in an effort to curb spending.

The last time inflation was higher was in April 2023, when the US was still dealing with the aftermath of the energy shock caused by Russia's invasion of Ukraine.

Overall energy bills, including gas and electricity, were almost a quarter higher in May than a year earlier, with gasoline responsible for most of the increase.

According to figures shared by the automotive group AAA, the average price of a gallon of regular gasoline in the US is currently $4.15, a significant increase from $2.98 on February 28, when President Donald Trump launched attacks on Iran.

In response to the attacks, Iran has effectively closed the Strait of Hormuz, which is responsible for transporting about a fifth of the world's oil and gas, which has resulted in a surge in prices.

Elsewhere, the BLS noted the rising cost of airfare, personal and medical care, recreation and communication.

The Consumer Price Index (CPI) is a measure of how much prices have increased in a given month compared to the same month a year earlier. The Federal Reserve's long-term inflation target is 2%.

 





Lajmet e fundit nga