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U.S. inflation rose to 4.2% in May, highest in three years

U.S. inflation rose to 4.2% in May, highest in three years

U.S. consumer prices rose 4.2% from a year earlier in May, matching forecasts but marking the highest annual inflation rate in three years.

 U.S. inflation rose 3.8% in April, highest since May 2023

U.S. inflation rose 3.8% in April, highest since May 2023

U.S. consumer prices rose 3.8% annually in April, above expectations, as energy, food, shelter and travel costs added to inflation pressure.