High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the ...
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Prices jump again in May, but has inflation peaked?
A key measure of inflation rose in May, the Bureau of Economic Analysis reported Thursday, reflecting the ongoing economic impact of the war against Iran. The Personal Consumption Expenditures price ...
May PPI surged to 6.5%, but core PPI missed expectations at 4.9%, suggesting energy drove the spike rather than broad-based inflation. The Fed faces a tough choice: hike rates and risk slower growth, ...
Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release ...
But prices still rose. In fact, the 3.5% annual inflation rate for June was higher than the inflation rate in any month of 2025. Inflation is complicated. Prices can be down for the month, as they ...
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