U.S. inflation hits 3-year-high – CBS News Watch CBS News The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O’Grady has more. Source link
What May’s inflation report signals about state of U.S. economy – CBS News Watch CBS News Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News’ Kelly O’Grady breaks down the numbers. Source link
The energy shock is hitting consumers, but not yet overall prices. Source link
WASHINGTON — President Donald Trump on Wednesday showed how he had learned to stop worrying about inflation and simply, in his own words, “love” it. Asked about the new report that the consumer price index in May had jumped 4.2% over the last year, the president took a surprisingly optimistic tack with the challenging news. … Read more
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss. Source link
Savers can grow and protect their money with a CD account in today’s inflationary climate but they’ll need to take a strategic approach. Natalia Shabasheva/Getty Images With inflation almost at the Federal Reserve’s target goal and three interest rate cuts issued in the final four months of 2025, savers may have understandably started this year … Read more
Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News’ Kelly O’Grady breaks it down. Source link
A consistently rising inflation rate is likely to adversely impact mortgage interest rates. rawintanpin/Getty Images Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday. That’s up from the 3.8% it sat at in May and is now more than two full … Read more
Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2% last month, up from 3.8% in April and the highest level in three years. By the numbers Economists polled by financial data firm … Read more
Inflation is likely to have increased for a third straight month in May as the war with Iran sent energy prices higher and ratcheted up pressure on U.S. consumers. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Bureau of Labor Statistics’ Consumer Price Index for last month … Read more