The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

Meaningfully larger increases are likely in coming months” to inflation as tariffs take hold, said the top U.S. economist at the nation’s largest bank.

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

Prices for toys, car parts and major appliances jumped in the US last month, but the overall impact of Donald Trump's new tariffs on consumers remained relatively muted. Inflation, the pace of price increases,

Expected price hikes from a wave of US tariffs on global trade have yet to meaningfully show up in government inflation data, but economists warn that increases may be close.

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase

Inflation dodged the tariff bullet again. The May Consumer Price Index rose +0.1% M/, less than the +0.2% consensus and the 0.2% increase in April.

More than half of Americans (56 percent) say they believe that the U.S. economy is headed in the wrong direction, according to Bankrate’s new Consumer Sentiment Survey. That’s virtually unchanged from a similar Bankrate poll published before the November 2024 presidential elections, when 55 percent felt the economy was on the wrong track.