Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

Annual inflation rose to a three-year-high of 4.2% in May, underscoring how elevated energy prices are rippling through the US economy, according to new data from the Bureau of Labor Statistics.

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

The Consumer Price Index recorded a 4.2% year-over-year increase, the hottest inflation since April 2023, with energy up 23.5% on the year. Producer inflation also shocked at 6.5%, the largest annual ...

Money that fled semiconductors during the prior week’s chip wreck found a fresh, even bigger AI vehicle to chase. Headline CPI reaccelerated to 4.2% year over year, the hottest reading since April ...

Inflation surged to its highest level in over three years in May as the headline Consumer Price Index reached 4.2% year-over-year. On a monthly basis, consumer prices rose 0.5%, as expected. The spike ...

A handful of top savings accounts and CDs are still outpacing inflation, even as most cash accounts fall short. bojanstory / Getty Images Inflation has risen to 4.2%, which means cash earning less ...

Lower gasoline prices and fading tariff effects are likely to nudge U.S. inflation lower by the end of 2026 Elevated inflation is like an extra tax on families. What goes up must come down - including ...

Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm ...