US consumer inflation hits fresh three-year high in May
Business
Finance
June 10, 2026
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WASHINGTON, United States (AFP) — United States (US) consumer inflation surged to a fresh three-year high in May, according to official data released Wednesday, as increased energy prices rippled through the world’s largest economy.
The consumer price index (CPI) rose 4.2 per cent year-on-year, up from April’s 3.8 per cent figure, the US Bureau of Labor Statistics said.
It was the highest reading since April 2023, according to official data, but in line with analyst expectations.
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