Rising gas prices fuel US inflation surge

U.S. inflation rose to 4.2% in May, its highest level in three years, as rising gas prices linked to the Iran conflict pushed up costs across the economy. Consumers are spending more on essentials and cutting back on discretionary purchases as fuel and transportation costs continue to climb. Watch CGTN LIVE on your computer, tablet or mobile https://www.cgtnnow.com/featured/events/cgtn-live-now-1 Subscribe to CGTN America on YouTube Follow CGTN America: X: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @cgtnamerica This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.