A new report on Wednesday showed inflation rising 4.2 percent in May, marking its highest level in three years and underlining how hard the Iran war is hitting consumers. The Labor Department report ...

The economy may be growing, but many Americans don't feel it. Despite higher wages, inflation continues to erode purchasing ...

Consumer prices rose 4.2% annually in May, with energy costs responsible for the majority of the increase. Core inflation rose 2.9%, up from 2.8% in April. The May gain met the expectations of ...

The latest inflation report landed like a gut punch. Consumer prices climbed 4.2% in May compared to the same month a year ago — the steepest annual CPI reading since April 2023 — as the economic ...

The inflation story just got another plot twist. Fresh data from the U.S. Bureau of Labor Statistics showed May producer price inflation (PPI) jumped 6.5% year over year, higher than expectations of 6 ...

Local business owners are struggling to make a profit while trying to cope with rising prices and supply shortages.

As inflation remains above 3%, only Oklahoma's richest 20% are unphased by climbing rates. The rest have to make decisions on their purchases.

May PPI surged to 6.5%, but core PPI missed expectations at 4.9%, suggesting energy drove the spike rather than broad-based inflation. The Fed faces a tough choice: hike rates and risk slower growth, ...