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By Rodrigo Santos Andrade
#yahoofinance #business #stockmarket #cpi #inflation
US consumer prices continued to soar in May, pushed higher by surging energy costs more than three months into a war with Iran, according to government data released Wednesday.
Prices rose 4.2% from May 2025 in the hottest annual reading since April 2023, and 0.5% on a monthly basis, according to the Bureau of Labor Statistics, matching economists’ expectations. The index for energy prices alone accounted for more than 60% of the increase from April, with prices rising 3.9%.
Timestamps
00:00 CPI comes in at 4.2%
00:47 Why inflation matters
01:55 Are rate hikes back?
02:50 Why the bond market is nervous
03:30 Energy prices drive inflation
05:20 Core inflation surprises lower
06:50 Why the Fed stays on hold
08:45 The inflation uncertainty
10:00 What’s driving higher prices
12:00 Why the consumer matters
14:35 Market reaction
16:20 The challenge for Kevin Warsh
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