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CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

It's not just high gas prices – inflation is now spreading through the US ... As the cost of gas stays high due to Middle East tensions, it’s spilling over into U.S. consumer spending more broadly and creating a conundrum for the Federal Reserve. AP Photo/David Zalubowski Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026 , underscores why policymakers are worried these pressures could spread into the broader economy. The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%. This increase suggests inflation isn’t limited to gasoline. Housing, utilities and recreational spending are also keeping underlying inflation elevated, even as other data shows a slowing economy and weaker income growth . As finance and applied investments professors who study how businesses make de…

US inflation tops 4% for first time in three years as oil prices jump - CNN Elevated gas prices are expected to once again have an outsized effect on overall inflation. Aaron M. Sprecher/AP Inflation Economy Investing See all topics Facebook Tweet Email Link Threads Link Copied! Follow Summary US inflation hit 4.2% in May, the highest rate in three years, driven largely by energy costs linked to the US-Israeli war with Iran. The Strait of Hormuz remains effectively shut, choking off oil flow and threatening to push food prices higher into 2027. Real wages declined for the second straight month as prices outpace workers' paychecks ahead of the midterm elections. AI-generated summary was reviewed by a CNN editor. Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics. Prices rose 0.5% on a monthly basis, driven higher by the US-Israeli war with Iran, the latest Consumer Price Index shows. The higher cost of energy accounted for 60% of the monthly increase. Overall food prices and grocery prices didn’t rise as fast as they did in April, increasing…

Consumers spend through higher prices at the pump Consumer electronics prices are rising. June 25, 2026 Personal disposable incomes jumped 0.3% after adjusting for inflation in May, making it the second increase in eight months. A surge in farm income due to disaster relief from the federal government accounted for much of that increase. A rebound in payrolls alone was partially offset by the drag from higher energy prices due to the conflict in the Middle East. Cuts to Medicaid and SNAP benefits are another hurdle, especially for low-income households. Recent research by Moody’s Analytics underscores how uneven income gains remain. The top 20% of households continue to gain ground relative to inflation in the most recent cut of the data, while the bottom 80% have lost ground. Ultra-wealthy carry the day Personal consumption expenditures rose 0.3% after adjusting for inflation. Spending gains were broad-based, but stronger for goods than services. Spending on big-ticket goods from vehicles to furniture and appliances picked up after a lackluster April. Spending on nondurable goods was more muted. Spending on food was weak, reflecting a combination of shifts due to GLP-1 dru…

May CPI Shows Inflation Rose at Its Fastest Pace in 3 Years (Image credit: Getty Images) Copy link Facebook X Share this article Print Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Recent economic reports confirm that the war in Iran, which has caused energy prices to spike, is accelerating inflation. Indeed, the Consumer Price Index (CPI) for May rose at its fastest annual pace in three years. According to the Bureau of Labor Statistics (BLS) , headline inflation was up 0.5% from April to May and 4.2% higher than the year prior. The monthly increase was slower than the 0.6% rise seen in April. The annual rise signaled an uptick from the 3.8% increase from the month prior and was the highest yearly pace since April 2023. Both figures matched economists' estimates. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Gas prices soar as war in Iran impacts interest rates and inflation ... Dave Thomas purchases gasoline at a station Tuesday, March 24, 2026, in Chicago. (AP Photo/Erin Hooley) Gas prices are displayed at a station Tuesday, March 24, 2026, in Chicago. (AP Photo/Erin Hooley) WASHINGTON (AP) — The jump ingas pricesstemming from the war in Iran has had another impact that may also affect many Americans’ finances: Higher interest rates. Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost ofmortgage loans, auto loans, and business borrowing. And with inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserveis fading. Wall Street investors instead see the odds rising of an actual rate hike instead. The fact that a rate hike has become a plausible scenario — even as most economists still see it as unlikely — represents a sharp turnaround from early this year, when the debate was more focused onhow many timesthe Fed would reduce its key rate, rather than whether it would do so at all. “We think cuts are delayed, not derailed,” Krishna Guha, head of economics at Evercore ISI, an…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Inflation stays at 3% but Iran war set to send prices spiralling UK inflation stayed at 3 per cent in February, the latest figures show – though with the war in Iran still upending the global oil market , the UK is set to see prices rise again. Oil has risen from around $70 (£52) before the war started to just shy of $100 (£75) now , though it has spiked well above that milestone on more than one occasion over the past few weeks. That is expected to feed through into not just higher energy bills but also transport and production costs going up, pushing inflation back in the opposite direction. Prior to the war starting, the Bank of England had signalled inflation was on course to reach the government-set target of 2 per cent by spring. Meanwhile, the Institute of Grocery Distribution (IGD) has warned food inflation could surpass 8 per cent by June of this year, if “disruption to global energy markets persists”. Thomas Pugh, chief economist at RSM UK, said: “Firms likely hiked prices by less in February 2026 than February 2025, which is when firms started to increase prices in response to higher employer taxes introduced in the 2024 autumn Budget. “Motor fuels inflation will also d…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

May 2026 CPI inflation: BLS report shows consumer prices rose ... close video Ryan Payne: This market continues to melt up A Mornings with Maria panel analyzes the markets, the impact from the conflict in Iran and investing in companies that the government has a stake in. Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war's impact on the energy market and across the economy. The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.5% from a month ago and is 4.2% higher than a year ago. The annual figure is the highest since April 2023. Expectations vs. reality Both the 0.5% monthly increase and the 4.2% rise from a year ago were in line with the expectations of economists polled by LSEG. So-called core prices, which exclude volatile measurements of gasoline and food to better assess price growth trends, were up 0.2% on a monthly basis and 2.9% from a year ago. The monthly figure was slightly cooler than the expected rise of 0.3%, while the annual core figure was in line with economists' predictions…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Producer price index May 2026: - CNBC Wholesale prices rose more than expected in May, indicating that pipeline inflationary pressures are percolating higher, the Bureau of Labor Statistics reported Thursday. Theproducer price index, a measure of final demand costs, increased a seasonally adjusted 1.1% on the month, putting the 12-month wholesale inflation rate at 6.5%. Economists surveyed by Dow Jones had been looking for a monthly move of 0.7%. The annual headline inflation rate was the highest since November 2022. The monthly gain matched the April increase. However, excluding food and energy, the so-called core PPI accelerated 0.4%, compared with the consensus view of 0.5%, indicating that rising fuel prices are causing much of the inflationary burden. Taking out food, energy and trade services, the PPI accelerated 0.8%, the biggest one-month move since March 2022. On a 12-month basis, the core excluding trade services rose 5.1%, the most since October 2022. Most of the acceleration in the PPI — nearly 80% — came from a 2.8% surge in final demand goods prices, the biggest increase ever in a data series going back to December 2009. In turn, 80% of that rise came from a 10.…

Fed's key inflation gauge hits 3.5% as Iran war pushes up gas prices - CNN Fuel prices are displayed at a Brooklyn gas station on April 28, 2026, in New York City. Spencer Platt/Getty Images Inflation Economy Investing Oil & gas See all topics Facebook Tweet Email Link Threads Link Copied! Follow Fast-rising gas prices lifted the Federal Reserve’s preferred inflation gauge to 3.5% in March, its highest rate in almost three years, new data showed Thursday. The Personal Consumption Expenditures price index rose 0.7% from February, a faster-than-expected acceleration from the previous monthly pace of 0.4%, the Commerce Department reported Thursday. The annual rate of inflation, which jumped from 2.8% in February , is now running at its fastest pace since May 2023. The upswing in inflation was expected. Gas prices rose at record rates in March, aftershocks of the Middle East conflict’s squeeze on the oil trade . Unfortunately, there’s little relief on the horizon: Prices at the pump remained high through April, and an energy shock like this is slowly making its way through other goods and services in the economy. But for Americans already weighed down by years of prices rising faster …

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

US inflation tops 4% for the first time in 3 years as Americans get ... Gas prices move up and down in response to disruptions in supply and spikes in demand. Many global events such as conflicts, sanctions or decisions by major oil producing countries can limit or create uncertainty about the supply of oil. WASHINGTON (AP) — Risinggas pricespushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midtermelectionsnear. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight monthly increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in March. Prices have now risen faster than wages for several months, pressuring many Americans’ finances and causing consumers to take adecidedly dim viewof the economy. Families are dipping into savings to maintain their spending, and more people are falling behind on their credit card bills. Large retailerssay they have also noticed changes in customer behavior,like buying smaller amounts of gas during visits t…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Inflation topped 4% in May as CPI surged to highest level in 3 years Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. By the numbers Economists polled by financial data firm FactSet predicted inflation in May would rise at an annual rate of 4.2%. The CPI, a basket of goods and services typically bought by consumers, tracks changes in prices over time. Inflation has accelerated from an annual rate of 2.4% in January to a three-year high, driven largely by the energy shock stemming from the Iran war. The closure of the Strait of Hormuz has disrupted global supply chains, driving up prices on everything from gasoline to airfares. In its May report, the Labor Department said energy prices accounted for more than 60% of the monthly CPI increase. Gasoline prices jumped 40.5% from a year earlier. To be sure, fuel prices have eased slightly in June, as the CBS News gas and oil price tracker shows. However, that decline is not captured in the May data. Food at home, whic…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

CPI inflation April 2026: Prices rose 3.8% annually - CNBC Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, as another burst in energy prices raised further concerns about inflation's impact on the U.S. economy. Theconsumer price indexrose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus. Excluding food and energy, the core CPI increased 0.4% and 2.8%, respectively, keeping inflation well above the Federal Reserve's 2% goal as the monthly rate was the highest since January 2025. Fed officials consider core a better indicator of longer-term inflation trends. The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually. Energy prices, which jumped 3.8%, accounted for more than 40% of the headline gain, while food prices also climbed 0.5%. For energy, that put the 12-month gain at 17.9%, while food was up 3.2%. The gasoline inde…

High gas prices are just the start — inflation is seeping ... - Fortune Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026 , underscores why policymakers are worried these pressures could spread into the broader economy. Recommended Video The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%. This increase suggests inflation isn’t limited to gasoline. Housing, utilities and recreational spending are also keeping underlying inflation elevated, even as other data shows a slowing economy and weaker income growth . As finance and applied investments professors who study how businesses make decisions amid uncertainty , we have been watching this tension build. In our 2026 economic outlook, we warned that recession fears could persist alongside rising prices. Fresh inflatio…

Nigeria's Inflation climbs to 15.93% in May, food prices still bite Business Published By Kazeem Ugbodaga Date 15th June, 2026 Share: Inflation Quick Read The May 2026 headline inflation rate of 15.93 per cent was substantially lower than the 26.06 per cent recorded in May 2025. By Kazeem Ugbodaga Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, marking a slight increase from the 15.69 per cent recorded in April, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The report showed that the inflation rate increased by 0.24 percentage points on a year-on-year basis, indicating that prices of goods and services remained on an upward trajectory despite signs of moderation in monthly price movements. However, on a month-on-month basis, inflation eased to 1.75 per cent in May from 2.13 per cent in April, representing a decline of 0.39 percentage points. The NBS said the development suggested that while consumer prices continued to rise during the month, the pace of increase was slower compared to the previous month. The bureau noted that the moderation in monthly inflation points to a gradual easi…

Inflation topped 4% in May, but the worst may be over - CNN High gas prices have pushed inflation above 4%. For now, the rest of the inflation picture is fairly controlled, though. Justin Sullivan/Getty Images Inflation Economy Investing Oil & gas See all topics Facebook Tweet Email Link Threads Link Copied! Follow High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April. On a monthly basis it was unchanged at 0.4%. But when stripping out gas and food prices, two of the most volatile components tracked, so-called core inflation rose at a much more muted annual rate of 3.4% from 3.3% in April. The inflation readings were mostly in line with economists’ expectations, according to FactSet consensus estimates. Thursday’s data comes at a pivotal time for Fed policymakers, who have signaled patience on rate cuts amid lingering concerns about sticky inflation. Financial markets are currently pricing in the possibility of rate hikes later this year. President Don…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Consumer inflation rate eases slightly to 11.1pc in June due to lower energy, food prices: PBS <p>ISLAMABAD: Pakistan’s consumer inflation rate eased slightly to 11.1 per cent in June from 11.7pc a month earlier, mainly due to lower prices of energy and essential food items, according to data released by the Pakistan Bureau of Statistics on Wednesday.</p> <p>The modest decline suggests that recent cuts in petrol and diesel prices have provided some relief to households. However, the government has yet to fully <a href="https://www.dawn.com/news/amp/2011268">pass on</a> the benefit of lower international oil prices to domestic consumers, limiting the overall reduction in inflationary pressures.</p> <p>On a month-on-month basis, inflation decreased by 0.3pc compared to the previous month.</p> <p>Inflation between July 2025 and June 2026 was recorded at 7.05pc, over the 4.49pc in the corresponding months last year. This was despite a high base effect from last year.</p> <p>The government has projected a revised inflation target of 7.5pc for the current fiscal year. For FY27, it has projected an inflation target of 8.2pc.</p> <p>The continued increase in monthly inflation, measured by…

CPI inflation report May 2026: Prices rose 4.2% annually - CNBC Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense. Theconsumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus though the monthly number was 0.1 percentage point below the April reading. Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% reading from April. However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase. "Americans are getting squeezed financially by inflation that's back at a 3-year high," said He…

Nigeria inflation rose to 15.93% in May 2026 - NBS - Punch Newspapers Nigeria’s inflation rose to 15.93% in May – NBS June 15, 2026 2:59 pm NBS By Sami Tunji Kindly share this story: Nigeria’s inflation rate rose to 15.93 per cent in May 2026. This marked the third consecutive monthly increase in the annual inflation rate as food prices continued to pressure household budgets despite a slowdown in the pace of monthly price increases. The latest Consumer Price Index report released by the National Bureau of Statistics on Monday showed that inflation increased from 15.69 per cent in April to 15.93 per cent in May, extending a rebound that began in March after inflation fell slightly to 15.06 per cent in February. The report showed that the Consumer Price Index increased to 140.7 in May from 138.3 in April, representing a 2.4-point increase in the general price level. According to the NBS, “In May 2026, the Headline inflation rate on a month-on-month basis was 1.75 per cent, which was 0.39 per cent lower than the rate recorded in April 2026 (2.13 per cent). This means that in May 2026, the rate of increase in the average price level was lower than the rate of increase in the average …