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InflationMay Inflation Hits 4.2% — Gasoline Prices Up Over 40% From Last YearMortgage & Housing30-Year Mortgage Rate Ticks Up to 6.52% as More Buyers Return to the MarketRetirementEarly 2027 Social Security COLA Forecast Climbs to 3.8%, Outpacing This Year's RaiseEconomyFed Meets June 16–17: Hold Nearly Certain, But Rate-Hike Odds Build for Year-EndBankingHigh-Yield Savings Accounts Are Paying Up to 5% APY — Here's Why That Still MattersInflationMay Inflation Hits 4.2% — Gasoline Prices Up Over 40% From Last YearMortgage & Housing30-Year Mortgage Rate Ticks Up to 6.52% as More Buyers Return to the MarketRetirementEarly 2027 Social Security COLA Forecast Climbs to 3.8%, Outpacing This Year's RaiseEconomyFed Meets June 16–17: Hold Nearly Certain, But Rate-Hike Odds Build for Year-EndBankingHigh-Yield Savings Accounts Are Paying Up to 5% APY — Here's Why That Still Matters
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Today’s Lead Story
Friday, June 12

Inflation

May Inflation Hits 4.2% — Gasoline Prices Up Over 40% From Last Year

via Bureau of Labor Statistics

Consumer prices rose 4.2% year-over-year in May 2026, the highest rate since 2023, with an energy surge accounting for more than 60% of the monthly increase. Gasoline was up over 40% from a year ago, while groceries climbed a comparatively modest 3.1%.

Why it matters

Steep gas costs add up fast for commuters and families in car-dependent areas, quietly erasing gains in other parts of the household budget.

See all today’s storiesRead source

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