Walter BloombergEnergy

ENERGY SHOCK DRIVES U.S. INFLATION Energy costs accounted for over 60% of U.S. inflation in May, according to the Labor Department. Gasolin…

ENERGY SHOCK DRIVES U.S. INFLATION Energy costs accounted for over 60% of U.S. inflation in May, according to the Labor Department. Gasoline prices jumped 41% year over year, while diesel surged 59%. Electricity costs also rose 5.9%, outpacing overall inflation. Rising fuel and power prices remain the dominant driver of consumer price pressures.
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