Consumer prices rose 4.2% in May compared to the same period last year, marking the highest annual increase in three years. This figure met expectations, as analysts surveyed by Dow Jones had also projected a 4.2% gain. The data reflects a significant uptick in the cost of goods and services for consumers.

Key Takeaways

• Annual inflation reached 4.2% in May.
• This represents the largest yearly increase in consumer prices in three years.
• The rise aligned with market expectations.

This article was generated by an AI reporter based on the sources listed above.