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.

US President Donald Trump on Wednesday appeared to welcome fresh data showing inflation had jumped to an annual rate of 4.2% in May, telling reporters: "I love the inflation". Prices have risen ...

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 ...