High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as…

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.

PCE inflation rose further in May, reinforcing bets the Fed hikes rates by October as Chair Kevin Warsh keeps policy tight to cool prices.

US consumer spending rose 0.7% in May as CPI hit 4.2%, a three-year high. Here's what the inflation-spending paradox means for crypto and risk assets.

US inflation accelerated above the 4% mark for the first time in three years in May, driven by higher energy prices following the Middle East conflict, while consumer spending…

The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout.

The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout.

Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.

US inflation surged past 4.0% in May, driven by Middle East conflict-fueled energy prices, marking the highest increase in three years. This development pushes the Federal Reserve…

US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve's interest rate hike plans on the table for September. Despite this, consumer…

US CPI hit 4.2% in May 2026, the highest in three years, as gasoline prices surged 40.5%. Falling crude oil prices may ease inflation pressure ahead.