Inflation rose to its highest annual rate in three years in May, as surging oil costs once again fueled broader price increases amid a persistent conflict in the Middle East, according to federal data released Wednesday.

The president suggested the recent numbers mean there will be a bigger decline in inflation once the war in Iran is over.

Inflation hit 4.2% and rates rose to 6.52%, yet home sales reached a 2026 high. How to navigate record equity in a turbulent market.

The President’s remark comes as the inflation rate last month hit a three-year high.

Discover how relative purchasing power parity (RPPP) connects inflation differences to exchange rates, influencing trade dynamics and economic conditions globally.

Inflation hit its highest level in three years last month, according to fresh data released this week — but new Federal Reserve Chair Kevin Warsh wants the central bank to focus on different measures.

Ideally, you’ll want to stash your cash and emergency savings somewhere that minimizes the impact of inflation.

With inflation surging, savers should move their money into an account that can outpace it. Here are two to know now.