US inflation climbs to 3-year high of 4.2% in May

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U.S. inflation surged to a three-year high of 4.2% in May, reflecting significant economic pressures amid ongoing geopolitical and domestic challenges. The data underscores concerns about inflationary trends potentially impacting the broader economy.

U.S. inflation climbed to a fresh three-year high in May, according to official data released Wednesday, as the economic fallout from U.S. President Donald Trump's Iran war po...