US CPI Rises to 4.2%, Highest in Three Years
US inflation, as measured by the Consumer Price Index, rose to 4.2% year-over-year, the highest level in three years, up from 3.8% the previous month.
The annual rate of US CPI inflation accelerated to 4.2% in the latest reading, marking the highest level in three years. This compares to 3.8% in the prior month.
The data underscores persistent inflationary pressures in the US economy. No further details on components or core inflation were provided in the report.
Source: ForkLog