Consumer prices rose 4.2% annually in May, highest in three years [View all]
Source: CNBC
Published Wed, Jun 10 2026 8:30 AM EDT Updated 1 Min Ago
Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense.
The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus.
Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% level from April.
However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate and less than the 0.4% April increase.
Read more: https://www.cnbc.com/2026/06/10/cpi-inflation-report-may-2026.html
From the source -
Link to tweet
@BLS_gov
CPI for all items rises 0.5% in May; gasoline and shelter up bls.gov/news.release/c... #CPI #BLSdata
12:32 PM · Jun 10, 2026
Article updated.
Previous article -
Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense.
The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported Wednesday. Both numbers were in line with the Dow Jones consensus.
Inflation climbed above 4% for the first time in three years, though the increase met expectations amid concerns over how much the surge in energy prices would impact the economy. The level was the highest since April 2023 and above the 3.8% level from April.
However, stripping out volatile food and energy prices, the so-called core CPI accelerated 0.2% for the month and 2.9% from a year ago. While the annual rate was in line with the forecast, the monthly gain was below the 0.3% estimate.
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Original article -
The consumer price index for May was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.
This is breaking news. Please refresh for updates.
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