The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.

Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.

Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.

Inflation worries remain as employment data has surpassed expectations.

NEW YORK -- The US consumer price index (CPI) rose 4.2 percent year on year in May, marking its highest level since May 2023, as energy prices remained high, according to data…

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

Soaring prices push consumers’ wallets to the brink

The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.

The recent increase has been driven in large part by spiking energy prices, which have soared as the conflict with Iran disrupted the global oil supply.

Inflationary pressures tied to the Iran war keep building.

US CPI hit 4.2% in May 2026, the highest since April 2023, as energy prices surged over 23%. Here's what it means for crypto and Bitcoin investors.

US CPI hit 4.2% in May 2026, driven by surging energy costs. Bitcoin trades near $61K as higher-for-longer rate expectations weigh on crypto markets.

US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to…

Americans have been battered by years of higher-than-expected inflation. Read more at straitstimes.com. Read more at straitstimes.com.

Consumer prices for the year ending in May rose by 4.2%, the fastest inflation rate in three years, the Bureau of Labor Statistics reported Wednesday.

Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy prices.

The soaring costs are a major issue for American voters as they head to the midterm election in November.

The soaring costs are a major issue for American voters as they head to the midterm election in November.

U.S. inflation climbed above 4% for the first time in three years in May as rising energy costs tied to the Iran war pushed consumer costs sharply higher