Inflation surpassed 4% for the first time since 2023

The new CPI report showed inflation in May climbed to the highest rate in about three years.

Energy pushes inflation above 4 percent for first time in three years

Prices have been rising in recent weeks, driven in large part by fuel costs surging from the ongoing Iran war.

CPI report today: Inflation tops 4% for first time in 3 years. Is this the peak? — live updates

Follow MarketWatch's live coverage of the consumer price index report for May, and its impact on the economy, markets and your money.

Inflation tops 4% for the first time in three years as Iran war drives energy costs higher

Inflation shot past 4% in May for the first time in three years as higher energy costs amid the war in Iran weighed on prices – likely keeping the Federal Reserve on hold next week when it comes to interest rates.

Inflation drives rate-cut debate at Warsh's first Fed meeting as chair

Kevin Warsh's first Fed meeting arrives as inflation heats up, jobs remain strong and investors question whether rate cuts are giving way to higher rates..

ECB raises rates to nip war-driven inflation in the bud

The European Central Bank raised interest rates for the first time in nearly ​three years on Thursday in the hope of curbing inflation before a surge in energy costs triggered by the Iran war spreads more ‌broadly across the euro zone economy.

ECB Hikes for First Time Since 2023 as Inflation Heats Up

The European Central Bank raised interest rates for the first time in almost three years, concluding it can no longer wait out the Iran war as inflation pressures intensify.