US consumer inflation at three-year high in May amid continued West Asia tensions
New Delhi, June 10 -- US inflation has accelerated for the third consecutive month in May as Washington DC continues its efforts to reach a ceasefire in the war in West Asia.
The Consumer Price Index rose 4.2 per cent in May year-over-year, as per data from the Bureau of Labor Statistics, New York Times reported.
This is an increase from the 2.4 per cent annual rise that the US saw before the West Asia conflict began on 28 February this year. Over the month of May prices rose 0.5 per cent overall. The May CPI was also up from the Aril figure of 3.8
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