BUSINESSCBS NEWS
Fed's preferred inflation index hit 4.1% in May amid the war with Iran
The Federal Reserve's preferred inflation gauge, the personal consumption expenditure index, rose 4.1% year-to-year in May, the highest level in three years. The increase occurred amid the war with Iran, as reported by CBS News correspondent Jo Ling Kent.
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- Fed’s preferred inflation gauge worsens as Iran war sends food, energy prices surging
- Inflation rises to 4.2 percent in May, highest level in 3 years
- Inflation spikes to 3.5 percent in March as Iran war drove prices higher
- Inflation rises to 4.2 percent in May, highest level in 3 years
- Inflation hits 4.1 percent in May, highest level in 3 years
- The war in Iran has sent American inflation sharply higher