US consumer prices see sharpest rise in three years. June 10, 2026. U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East confli

Key Takeaways The Consumer Price Index rose 4.2% over the year in May, the highest since 2023 and matching forecaster expectations.The increase was mainly due to a surge in energy prices because of the Iran war is cutting off oil supplies.

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.

US consumer inflation surged to a fresh three-year high in May, with soaring energy prices caused by US President Donald Trump's Iran war posing a key challenge to Republicans ahead of midterm elections.

The Bureau of Labor Statistics released the latest figures on consumer prices, and inflation has risen in May to its highest levels in three years, as rising energy costs driven by the Iran war are hi

U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy