The numbers are likely to keep pressure on the Federal Reserve to raise interest rates this year.

Inflation rose three-tenths of a percentage point to 4.1% for the year ending in May, the Bureau of Labor Statistics reported.

US inflation hits a three-year high at 4.2% amid rising consumer spending. Inflation at 3.8% in June priced at 56% YES.

US inflation rose to 4.2% in May, the highest since 2023. Inflation at 3.8% or less in June at 52.9% YES.

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…