Inflation rose 4.2% in May. It couldn’t climb any higher, right? Right?

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

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

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.

Inflation rose 4.2% in May. It couldn’t climb any higher, right? Right?