US Inflation Rate Hits 4.2% in May 2026, Highest Since April 2023, Driven by Energy Shock
Summary
The US annual inflation rate rose to 4.2% in May 2026, its highest since April 2023, up from 3.8% in April. This marks the third consecutive monthly acceleration, driven primarily by an energy shock from the conflict with Iran. Energy costs jumped 23.5%, gasoline prices soared 40.5%, and fuel oil increased 58.9%. Shelter inflation accelerated to 3.4% and food inflation rose to 3.1%.
Source
bskyUS Inflation Rate Hits 4.2% in May 2026, Highest Since April 2023, Driven by Energy Shocktradingeconomics.comKey quotes
· 5 pulledThe annual inflation rate in the US rose to 4.2% in May 2026, marking its highest level since April 2023.
Energy costs jumped 23.5%, due to the energy shock triggered by the conflict with Iran.
Gasoline prices soared 40.5%, after a 28.4% gain.
Fuel oil also increased 58.9% (vs 54.3%).
Inflation accelerated once again for shelter (3.4% vs 3.3%) and food (3.1% vs 2.3%).
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