“Energy inflation in the United States accelerated to 34.6% in May of 2022, the most since September of 2005, due to gasoline (48.7%), fuel oil (106.7%, the largest increase on record), electricity (12%, the largest 12-month increase since August 2006), and natural gas (30.2%, the most since July 2008).”

Originally published here at Trading Economics on 28 June 2022.