Consumer prices increased by 0.9% last month due to spiraling energy costs from the US-Israeli attack on Iran.
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Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
The Iran war has pushed up gasoline, airline fares and other prices for consumers.
Having to pay that much more for things we all need to buy is a big deal. This jump has wiped away almost all of the wage ...
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