
US Inflation Hits 4.2% in May, Highest Since April 2023, as Energy Drives 60% of Monthly Gain
U.S. consumer prices rose 0.5 percent in May on a seasonally adjusted basis, lifting the annual inflation rate to 4.2 percent from 3.8 percent in April — the highest reading since April 2023, the Bureau of Labor Statistics reported June 10. Core CPI, excluding food and energy, rose 0.2 percent on the month and 2.9 percent year over year. The energy index jumped 3.9 percent in M




