US inflation surges to three-year high of 4.2%

Consumers are increasingly feeling the strain of the US Israel war in Iran.

US inflation jumped to 4.2% in May amid Middle East energy shock

Figure marks new three-year high

Inflation heats up to highest pace in about three years, fueled by Iran war

Inflation hit 4 percent for the first time in three years in May, driven by surging gas prices from the Iran war.

By Andrew Ackerman

Here's the inflation breakdown for May 2026 — in one chart

Inflation jumped to a three-year high in May as the Iran war continued to fuel higher energy prices.

US inflation spikes to 3-year high in May as Iran war energy shock persists

US consumer inflation surged to a fresh three-year high in May, according to official data released on 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 Labour Statistics said. It was the highest reading since April 2023, according to official data, but in line with analyst expectations. The US-Israel war against Iran, launched in late February,...

By Agence France-Presse

Cost of conflict: US inflation hits 3-year high as Iran war fuels energy shock

US inflation hit a three-year high in May, soaring to 4.2% due to surging energy prices, particularly gasoline, driven by Middle East supply disruptions. This rise, the third consecutive monthly increase, pressures the Federal Reserve and poses a political challenge for the Trump administration ahead of midterm elections. Core inflation showed mixed signals, while energy costs are expected to cool.

By TOI BUSINESS DESK

US inflation climbs to 3-year high of 4.2% in May

U.S. inflation climbed to a fresh three-year high in May, according to official data released Wednesday, as the economic fallout from U.S. President Donald Trump's Iran war po...