Inflation eased
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Inflation at the wholesale level cooled last month, helped by a sharp drop in energy prices, according to data released Wednesday by the Bureau of Labor Statistics.
A year after Trump repealed the Inflation Reduction Act, the outlook for climate action is dark. But there are silver linings.
The Bureau of Labor Statistics released the consumer price index (CPI) inflation data for May which showed that inflation rose and remained persistently high last month.
More-expensive energy has the knock-on effect of increasing the costs of goods and services.
The UK economy is being held back by renewed energy inflation sparked by the Middle East conflict, an influential economic body has said, as it urged the British government to accelerate its pro-growth agenda and tackle regional divides.