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New from McKinsey & Company | | How to navigate rising energy costs and inflation | Some consumers may consider pressing the brakes on their road trips this summer as gas prices continue to skyrocket. In the United States, gas prices jumped nearly 50 percent year-over-year, driving up energy prices 34.6 percent. The war in Ukraine and supply chain effects have only exacerbated price pressures. These energy price increases, along with spikes in food prices and the shelter index, drove inflation to 8.6 percent in May. And while US inflation has quadrupled over the past two years, it’s risen considerably elsewhere, too, including Greece, Israel, Italy, and Spain. Check out these insights on the trends shaping the energy landscape and bookmark this special collection on inflation to stay up to speed. | | | To see more essential reading on topics that matter, visit McKinsey Themes. | — Curated by Eleni Kostopoulos, a digital publishing manager based in New York | McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android | | | | This email contains information about McKinsey’s research, insights, services, or events. By opening our emails or clicking on links, you agree to our use of cookies and web tracking technology. For more information on how we use and protect your information, please review our privacy policy. | You received this email because you subscribed to our Strategy alert list. | | Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007 | | | |
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