U.S. inflation picks up to three-year high, eroding paychecks

U.S. inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains. 

U.S. inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains.  CMT News 

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