US inflation tops 4% for first time in three years as oil prices jump | CNN Business
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US inflation has surpassed 4% for the first time in three years, with reports citing a spike in energy prices, including oil and gasoline. The increase is attributed to various factors, including a jump in oil prices, although one report suggests that sinking oil prices may bring relief. The cause of the energy price spike is unclear, with some outlets mentioning a general increase in energy costs and others specifically citing a war in Iran as a driver.
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