POPA ReconU.S. Inflation Climbs to 4.2% in May as Energy Prices Surge
U.S. Inflation Climbs to 4.2% in May as Energy Prices Surge U.S. CPI rose 4.2% YoY in May, matching expectations and accelerating from 3.8% in April. Core CPI, which excludes food and energy, increased 0.2% MoM and 2.9% YoY, in line with forecasts. The increase was largely driven by energy costs, which jumped 3.9% MoM, while gasoline prices surged 40.5% YoY following supply disruptions linked to tensions around the Strait of Hormuz. The data keeps inflation well above the Federal Reserve's 2% target, fueling speculation that policymakers may consider additional rate hikes in the coming mon…
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