The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.

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The report showed that energy prices, broadly, fell 3.5% from May of last year — a welcome development for consumers. Notably, egg prices in the CPI were down 2.7% from April to May.

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Wholesale U.S. inflation measured by the PPI inched up 0.1% in May, according to a Thursday report from the Bureau of Labor Statistics.

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On Wednesday, the Bureau of Labor Statistics reported that inflation in May rose 2.4% year-over-year. However, housing costs were the most significant driver of inflation.

The May CPI report shows that President Trump's whipsaw tariff policies have not had an outsized impact on inflation, but economists remain on guard.

US wholesale inflation rose slightly in May, driven in part by costlier goods; however, tariff-related effects were largely muted. The latest Producer Price Index, a closely watched measurement of ...

But car insurance costs continued to climb, rising 0.7% in May and 7% from a year ago. Will groceries get cheaper in 2025? Grocery costs increased 0.3% following a 0.4% drop the previous month.