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Companies appear hesitant to pass those price increases on to weary consumers, whose wages aren't keeping up.
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US consumer inflation posts largest increase in three years in May ReutersHere's the inflation breakdown for May 2026 — in one chart CNBCInflation hits highest level since 2023, as the Iran war pushes up prices ABC7 New YorkCPI Report Today: Inflation Rises to 4.2% — Live Updates WSJUS inflation tops 4% for first time i
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Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices.
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