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Economics2h 59m ago
Rising gas prices pushed inflation to its highest level in three years last month, according to new data this week.
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U.S.
Who
Federal Reserve, Trump administration, Elon Musk, Labor Department, National Association of Realtors, Freddie Mac, Forbes, FactSet
What
Rising gas prices pushed inflation to its highest level in three years last month, according to new data this week.
When
Sat, 13 Jun 2026 14:10:08 GMT · 2h 59m ago
Where
U.S. ·
Why
Rising gas prices, fueled by a surge in energy prices after the start of the Iran war, have contributed to inflation hitting a 3-year high.
The Frontline Impact
How this affects you
Higher inflation means that everyday expenses like groceries and gas are more painful, impacting household and business decisions. The Social Security retirement fund also faces a funding shortfall a year earlier than expected, potentially impacting future retiree benefits.
Story chain
6 events in this thread- Currently Reading2h 59m agoRising gas prices pushed inflation to its highest level in three years last month, according to new data this week.
- Economics6h 7m agoThe Consumer Price Index recorded a 4.2% year-over-year increase in May, the hottest inflation since April 2023.Open article
- Economics6h 7m agoThe Consumer Price Index recorded a 4.2% year-over-year increase in May, the hottest inflation since April 2023, with energy up 23.5% on the year.Open article
- Economics6h 7m agoThe Consumer Price Index recorded a 4.2% year-over-year increase in May, which is the hottest inflation since April 2023.Open article
- Economics6h 7m agoThe Consumer Price Index recorded a 4.2% year-over-year increase in May, marking the hottest inflation since April 2023, while SpaceX debuted on Nasdaq with the largest IPO ever.Open article
- Economics6h 7m agoThe Consumer Price Index recorded a 4.2% year-over-year increase in May, the hottest inflation since April 2023, and SpaceX debuted on the Nasdaq at a fixed $135 a share, raising $75 billion at a $1.77 trillion valuation.Open article