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Rule No. 1 of inflation reports is never to read too much into one report, but there have now been several months of fairly low inflation, so it seems safe to call it: The Fed did its job.

U.S. inflation rose 2.4% over the 12 months through May, with tariff increases not showing up significantly so far. Metro Phoenix inflation is lower.

ABC News’ Alexis Christoforous reports. Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday.

Bond investors liked the latest read on inflation. Government bonds staged a big rally after the latest monthly report on consumer prices, dragging the yield on 10-year Treasury notes down to 4. ...

Key Takeaways Inflation was cooler than expected in May, with prices rising 2.4% on an annual basis. The impact of President Donald Trump’s new tariffs was more muted in the data compared with ...

Inflation grew less than expected in May, the latest Consumer Price Index showed. That's welcome news for consumers, but the report did show hints of the higher prices that could come from tariffs.

Americans grew less fearful about inflation in May as President Donald Trump backed off the most severe of his tariff proposals, according to a New York Federal Reserve survey Monday. Stream NBC 5 ...

The Philippine Statistics Authority (PSA) [link] revealed the year-on-year increase in the Consumer Price Index (CPI) for May was just 1.3%, down from the 1.4% y/y recorded in April.