News
US inflation accelerates to 4.2% in May on higher energy costs
US consumer inflation accelerated to 4.2 per cent YoY in May 2026 from 3.8 per cent in April, driven mainly by higher energy costs, according to the Bureau of Labor Statistics. The CPI-U rose 0.5 per cent month on month, while energy prices increased 3.9 per cent. Core inflation edged up to 2.9 per cent annually. CPI-W rose 4.4 per cent and C-CPI-U increased 4 per cent.