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Economics3h 4m ago
Inflation rose to 4.2% in May, the highest in three years, with energy prices up 11% month-to-month, driven by the war with Iran.
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Who
economists, Chris Rupkey, FWDBonds, Fed, Trump
What
Inflation rose to 4.2% in May, the highest in three years, with energy prices up 11% month-to-month, driven by the war with Iran.
When
Thu, 11 Jun 2026 13:13:19 GMT · 3h 4m ago
Where
not specified ·
Why
The war with Iran disrupted the global oil supply, causing energy price spikes that translated to higher overall inflation.
The Frontline Impact
How this affects you
Higher energy costs are expected to be passed on to consumers, further reducing consumer sentiment and potentially impacting the upcoming November elections. This inflation also makes it unlikely the Fed will cut interest rates this year, with a hike now considered possible.
Story chain
2 events in this thread- Currently Reading3h 4m agoInflation rose to 4.2% in May, the highest in three years, with energy prices up 11% month-to-month, driven by the war with Iran.
- Economics4h 26m agoFrance is using its G7 presidency to spotlight mounting global economic imbalances, as China’s surging exports, chronic U.S. deficits and Europe’s weak investment risk exacerbating trade tensions and exposing the world economy to financial shocks.Open article