**Inflation reaches 4% for first time in three years.** Soaring gasoline prices due to tensions with Iran caused consumer prices to increase by 0.5% in May, reaching a 3-year high of 4.2%. While grocery prices remained relatively stable and job market growth continued, inflation is expected to remain stubbornly high, potentially delaying interest rate cuts from the Federal Reserve.
Original Article Source Link:
https://www.npr.org/2026/06/10/nx-s1-5853077/inflation-over-4-cpi-gasoline-prices