Reported about 4 hours ago
In December, gasoline prices rose 4.4%, contributing significantly to overall inflation fueled by heightened geopolitical tensions, colder temperatures, and supply concerns stemming from Ukraine's attacks on Russian oil facilities. The Consumer Price Index revealed a 2.6% increase in energy prices, accounting for over 40% of the month’s inflation rise, while crude oil prices also spiked due to speculation around sanctions against Iran and recovery plans in China.
Source: YAHOO