Inflation topped 4% in May as CPI surged to its highest level in more than 3 years

Source CBS Local
Original Load Date June 10, 2026, 9:01 a.m.
Last Updated June 10, 2026, 9:01 a.m.
Original URL https://www.cbsnews.com/chicago/news/cpi-report-today-may-2026-inflation-iran-war-trump/

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Inflation across the U.S. accelerated in May as the shock to global energy supplies from the [ Iran war ][1] continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2%, up from [ 3.8% in the prior month ][2] and marking the highest level since April 2023. ## By the...