Consumer prices rise 4.2% annually in May, hitting three-year high
By
Jeff Cox
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
Consumer prices rose 4.2% annually in May, marking the highest inflation rate in three years. Core CPI (excluding food and energy) increased 0.2% monthly and 2.9% annually. The monthly core gain was below expectations of 0.3% and lower than April's 0.4% increase. Americans are feeling financial pressure from rising costs of essentials like gas, food, electricity, and medical care.
Key quotes
· 2 pulledAmericans are getting squeezed financially by inflation that's back at a 3-year high
The frustration for many Americans is that so many of the basics are up in price right now -- gas, food, electricity, and medical care are all clear pain points
You might also wanna read
US inflation rises to 3.8% in April, highest since May 2023, driven by Iran war energy costs
US inflation rose to 3.8% in April, its highest level since May 2023, driven primarily by surging gasoline and grocery costs as consumers in
BBC News·1mo ago
US Wholesale Inflation Hits Three-Year High in July Due to Tariff-Related Costs
US wholesale inflation surged in July, marking the highest increase in three years, driven by companies passing on higher import costs linke
bloomberg.com·10mo ago
U.S. Inflation Hits 3.8% in April, Reaching Three-Year High Amid Economic Disapproval
Inflation in the U.S. rose 3.8% in April, reaching its highest level since May 2023 and a three-year high, as the economic impact of Donald
Rolling Stone·1mo ago
August 2025 Consumer Price Index Shows 0.4% Monthly Increase
The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI-U) data for August 2025, showing a 0.4 percent increase on a seas
bls.gov·9mo agoProducer Price Index rises 1.1% in May 2026, matching April's increase
The U.S. Bureau of Labor Statistics released the Producer Price Index (PPI) for May 2026, reporting that the Producer Price Index for final
bls.gov·1d ago
July Producer Price Index Surges 0.9%, Exceeding Expectations
The producer price index (PPI) rose 0.9% in July, significantly exceeding the expected 0.2% increase. This unexpected rise impacted stock ma
cnbc.com·10mo ago