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.

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 ...

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 ...

Olivia Bannon of Greensburg, doesn’t need a report on the government’s consumer price index to know that prices have risen the past few months. A report Wednesday said inflation jumped to 4.2% in May, ...

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 ...

Volatility was back on Wall Street, with the VIX surging above 20 for the first time since late April. Yet stocks clawed back losses by Friday, putting the S&P 500 – as tracked by the SPDR S&P 500 ETF ...