US consumer inflation posts largest increase in three years in May

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US consumer inflation reached its fastest pace in three years during May, with the CPI rising to 4.2 percent. According to Department of Labor data released on Wednesday, this surge was driven by increasing costs for energy products and other goods. These price hikes were boosted by the Middle East conflict and the Iran war, marking the highest annual inflation level recorded over the past twelve months for the United States consumer market.