BUSINESSCBS NEWS
What caused inflation to soar to its highest point in 3 years?
Inflation surged in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss the issue.
Mentioned
Related Signal
Adjacent reporting
- Energy cost spike from Iran war sends inflation soaring to highest level in nearly 3 years
- CPI surged in April as inflation soars to highest level in almost 3 years
- US inflation rose at fastest pace in three years in April as Iran war hikes up prices
- Inflation rises to 4.2 percent in May, highest level in 3 years
- Inflation tops 4% for the first time in three years as Iran war drives energy costs higher