Business & Finance
US inflation rises to 4.2%, hitting a three-year high as fuel prices rise
Key Points
Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.
Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.