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Cost of conflict: US inflation hits 3-year high as Iran war fuels energy shock
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US inflation hit a three-year high in May, soaring to 4.2% due to surging energy prices, particularly gasoline, driven by Middle East supply disruptions. This rise, the third consecutive monthly increase, pressures the Federal Reserve and poses a political challenge for the Trump administration ahead of midterm elections. Core inflation showed mixed signals, while energy costs are expected to cool. What's Your Reaction?
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