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.

Inflation at 4.2% in May: Energy and Geopolitical Tensions Drive Up Prices; Core Inflation Near 3% Could Weigh on Purchasing ...

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 ...

If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.

US inflation rises to 4.2% as gas prices surge, driven by global tensions. Fed faces pressure as households struggle with higher costs across the economy.

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 ...