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International Business Times
International Business Times
Business
Demian Bio

INSANE: Inflation accelerates to highest rate in three years | Vintage Vibes

Inflation rose to the highest level in more than three years as pressures persist. (Credit: Getty Images)

Inflation accelerated in May to its highest rate in three years, clocking in at 4.2%, the Bureau of Labor Statistics reported on Wednesday.

It was the first time since April 2023 that inflation climbed above 4%, CNBC noted. The monthly figure rose by a seasonally adjusted 0.5%. Both figures were in line with expectations.

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