May CPI hit 4.2% year-over-year, a three-year high, but softer core inflation at 2.9% kept Bitcoin steady near $60K as markets await the Fed's June 17

US inflation hit 3.8% in April 2026, a three-year high, with forecasters warning it could top 4%. Bitcoin holds above $80K as the Fed freezes rate cuts.

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

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…

The new CPI report showed inflation in May climbed to the highest rate in about three years.