Inflation rate rises to 3-year high
San José, CA – The Consumer Price Index rose to a three-year high, where prices of consumer goods and services were 4.2% higher than a year ago. According to the Bureau of Labor Statistics (BLS), the inflation rate has risen for three months in a row, after the start of the U.S.-Israeli war on Iran. From a pre-war rate of 2.4%, consumer prices have risen ever higher, led by higher costs for gasoline.
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