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Food inflation and supply-chain disruptions, including the bird flu outbreak's impact on egg prices, significantly contribute to rising costs.

The Bank for International Settlements says Trump’s trade policies could lead to another inflation period.

A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation.

At the same time, the rate of inflation—2.7% annually—is significantly higher than the Federal Reserve’s 2% target, making it unlikely rate cuts are coming anytime soon.

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

The US economic engine sputtered in May: Consumer spending declined for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis.

US consumer sentiment rose sharply in June to a four-month high and inflation expectations improved notably as concerns eased about the economic outlook and personal finances.

Prices rose faster in May than forecasters had anticipated, and consumers unexpectedly lost income and pulled back on spending.

WASHINGTON (AP) — A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.