
On June 10, the U.S. Bureau of Labor Statistics published the May Consumer Price Index (CPI), and the news was not great for consumers.
Overall, the CPI increased 0.5% from April to May 2026, after April's 0.6% increase from March. From May 2025 to May 2026, the CPI increased 4.2%, well beyond the 2% annual inflation rate the Federal Reserve is aiming for. Unsurprisingly, the energy index accounted for more than 60% of the total monthly increase, according to the bureau, but almost no category was immune: Overall food and shelter also saw increases.
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