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A new report on Wednesday showed inflation rising 4.2 percent in May, marking its highest level in three years and underlining how hard the Iran war is hitting consumers. The Labor Department report ...

Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war's impact on the energy market and across the economy. The Bureau of Labor Statistics (BLS) ...

Inflation surged in May to the highest level since early 2023, as Iran war-related fuel costs worked their way through the broader economy. Limited time: Save 25% on NBC News subscription Get ...

Economists expect a key inflation gauge set to be released on Wednesday to show that U.S. consumer prices in May rose at their fastest pace in more than three years. The Consumer Price Index is ...

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The May CPI report is forecast to show continued high inflation due to rising energy prices. Higher fuel prices could begin to bleed through to warehousing, retail, and wholesale trade, among other ...

LONDON, June 2 (Reuters) - Britain's budget watchdog said on Tuesday it will factor in the unexpectedly strong persistence of inflation after the 2022 energy price shock when it updates its forecasts ...

One number released this past week says inflation is running away from the Federal Reserve’s 2% target. Another says it’s nearly there. The Commerce Department said Thursday that a widely watched ...

The first inflation report under new Federal Reserve chief Kevin Warsh shows consumer prices in April were at their highest level in almost three years. The personal consumption expenditures price ...

A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating political challenges for President Trump and congressional Republicans with ...