Energy Prices Drive U.S. Inflation To Three-Year High | EN590 Commodities
EN590 Commodities GroupCrude Oil June 10, 2026
Hormuz Shutdown Forces Malaysia to Overhaul Crude Supply Chain U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher, with the Consumer Price Index rising 0.5% from April and 4.2% from a year earlier, according to data released Wednesday by the Bureau of Labor Statistics. The annual rate matchedeconomists’ expectationsbut marked the highest inflation reading since April 2023 and an acceleration from the 3.8% rate recorded in April. Energy was by far the largest contributor to the increase. TheBLS reportedthat energy prices jumped 3.9% during the month and were up 23.5% from a year ago. Energy accounted for roughly 60% of the monthly increase in consumer prices, underscoring the growing econo
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.