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Consumer Price Index

A driver fills up at a gas station, where pump prices that rose 40.5% over the year drove May's 4.2% inflation reading.

Inflation Hit 4.2% in May, Lifting the 2027 Social Security Raise

May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.

Business  · 13 Jun 2026, 07:15  · Priya Raman