# Inflation Surges Amid Oil Prices

Page: https://stenobird.com/podcast/perth-news-today-2-min-news-the-daily-news-now-7574199/inflation-surges-amid-oil-prices
Text version: https://stenobird.com/podcast/perth-news-today-2-min-news-the-daily-news-now-7574199/inflation-surges-amid-oil-prices.md
Podcast: [Perth News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/perth-news-today-2-min-news-the-daily-news-now-7574199)
Published: 2026-06-10T13:38:08+00:00
Episode link: https://api.fastcast.ai/audio/2f3f9c1f-fff0-4764-bd8d-bb0e6e202398.mp3
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Duration seconds: 109

## Resource

Inflation surged to 4.2% in May—the highest in three years—driven mostly by skyrocketing oil prices, with energy accounting for 60% of the monthly jump. Gas hit $4.15 a gallon, airline tickets rose 26.7%, and core inflation (excluding food and energy) held at 2.9%. Amid rising costs, the Fed’s new chair Kevin Warsh faces pressure as analysts now predict no rate cuts—and even potential hikes—this year, despite a surprisingly resilient job market adding 170K jobs and unemployment steady at 4.3%. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/deddc8d6eef56346

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## Transcript

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