US inflation accelerated to 4.2% in May, driven by a sharp rise in energy prices as gasoline costs climbed more than 40% year-over-year.

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.

Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat rising…

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

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.

America's consumer prices surged in May, reaching their highest in three years. This jump, fueled by rising gasoline costs due to Middle East conflict, gives the Federal Reserve…

U.S. inflation climbed to a fresh three-year high in May, according to official data released Wednesday, as the economic fallout from U.S. President Donald...

US inflation accelerated to 4.2% in May, driven by a sharp rise in energy prices as gasoline costs climbed more than 40% year-over-year.

WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving…

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.

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

US markets stumbled as inflation data sparked fears of interest rate rises in the coming months.

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

The consumer price index rose 4.2% in May, driven largely by energy costs that are up about 24% year over year.

Spiking energy prices sent inflation to a three-year high in May, up 4.2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core…