The 4.2% inflation rate is the highest since April 2023

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…

Consumer prices were up 4.2% last month compared to May 2025.

Donald Trump insisted that surging inflation, caused by his tariffs and war in Iran, is a great thing.

Soaring prices push consumers’ wallets to the brink

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…

Figure marks new three-year high