Source: CNN
“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 0.2% and 0.1%, respectively, versus 0.5% and 0.7%. Economists were expecting prices to rise 0.5% from the month before and for the annual rate to accelerate to 4.2% from the 3.8% reported in April, according to FactSet estimates.” (06/10/26)
https://www.cnn.com/2026/06/10/economy/us-cpi-consumer-inflation-may