Inflation Surges Amid Energy Crisis

Inflation just hit a three-year high with prices up 4.2% in May, fueled by a 23.5% spike in energy costs tied to global oil disruptions. Monthly increases could push annual inflation over 6%, forcing the Fed to decide whether to hike rates again in their upcoming meetings — all while everyday shoppers feel the pinch and adjust their budgets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/429e6bf3f6bc6eaf