Tag: May 2026 CPI report
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Inflation Hits 4.2% in May — Highest in Three Years. Here’s What’s Driving It
The May 2026 Consumer Price Index hit 4.2% year-over-year, the highest inflation reading since April 2023 and almost entirely driven by an energy price spike from the Middle East conflict. But strip out food and energy, and core inflation is a much calmer 2.9% — a critical nuance most coverage misses.