Inflation jumps to 4.2% in May, highest in three years
Consumer prices rose 0.5% in May, pushing annual inflation to 4.2% — the highest 12-month rate in three years, the Bureau of Labor Statistics reported Wednesday.
U.S. inflation increased by 0.5% in May, bringing the 12-month inflation rate to 4.2%, according to data from the U.S. Bureau of Labor Statistics released Wednesday. That 4.2% annual rate is the highest seen in three years.