The annual inflation rate in the United States was 4.2% for the 12 months ending May, up from 3.8% previously, according to U.S. Labor Department data released . The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.1% in May from 3.8% in April.
On a monthly basis it was unchanged at 0.4%. High gas prices pushed up inflation again last month while adding to Americans’ financial strain: Households are saving at the lowest rate in nearly four years, a new report showed Thursday. 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 ... 24/7 Wall St.: Inflation Just Hit a 9-Month High: The Fed’s Favorite Gauge Is Flashing Red Again Inflation Just Hit a 9-Month High: The Fed’s Favorite Gauge Is Flashing Red Again Investopedia on MSN: Inflation Surpasses the Fed's Target for 62 Consecutive Months: What This Means for the Economy Inflation Surpasses the Fed's Target for 62 Consecutive Months: What This Means for the Economy Los Angeles Times: Inflation held steady last month before attack on Iran sent energy costs soaring This is read by an automated voice.
inflation by month, Please report any issues or inconsistencies here. Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked ... Inflation held steady last month before attack on Iran sent energy costs soaring Chart: Monthly Inflation Rates and Annual Inflation Rates in the United States The following chart displays both the monthly inflation rates alongside the 12-month inflation rates since January 2016.