ExclusiveUS Inflation Surges to 4.2% in May, Highest Level Since Early 2023

Inflation surged to 4.2% in May, the highest since early 2023, primarily driven by soaring energy costs resulting from the Iran war. While energy prices accounted for over 60% of the increase, core inflation rose by 2.9%. Price hikes were noted in travel and healthcare, though some decreases occurred in vehicle-related costs and household furnishings.