Dollar Rebounded After U.S. CPI Hit 3-Year High in May
The U.S. Consumer Price Index rose 4.2% year-on-year in May, its fastest pace since April 2023, with surging energy costs driven by the Middle East conflict accounting for the bulk of the monthly increase.
The U.S. Consumer Price Index rose 4.2% year-on-year in May, its fastest pace since April 2023, with surging energy costs driven by the Middle East conflict accounting for the bulk of the monthly increase.
