If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.

Consumer prices rose at a faster rate for a third-straight month in May, to 4.2 percent annually, as the energy shock put more pressure on the U.S. economy.

By Lucia Mutikani WASHINGTON, June 10 (Reuters) - U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict,

Inflation surged to its highest level in nearly two years in March as the headline Consumer Price Index reached 3.3% year-over-year. On a monthly basis, consumer prices rose 0.9%, marginally lower than the expected 1.0% but still representing the largest ...

President Donald Trump commented on the latest Consumer Price Index, noting inflation rose to 4.2% in May.

The prospect of a renewed U.S. air campaign cast fresh doubt on the viability of a ceasefire between the United States and Iran that has largely held since April.

Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy. Inflation

Prices continue to rise, and paychecks are not keeping up. People are feeling the squeeze. The May Consumer Price Index Report was released yesterday.