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InflationUS Consumer Prices Rose 4.2% in May, Fastest Annual Pace Since 2023Mortgage & Housing30-Year Mortgage Rate Edges Down to 6.47% in Freddie Mac's Weekly SurveyTaxesIRS Raises 2026 Standard Deductions and EITC Limits Under New Tax LawBankingHigh-Yield Savings Accounts Offering Up to 5.00% APY While Fed Holds Rates SteadyDebt2.6 Million More Student Loan Borrowers Fell Into Default in Early 2026InflationUS Consumer Prices Rose 4.2% in May, Fastest Annual Pace Since 2023Mortgage & Housing30-Year Mortgage Rate Edges Down to 6.47% in Freddie Mac's Weekly SurveyTaxesIRS Raises 2026 Standard Deductions and EITC Limits Under New Tax LawBankingHigh-Yield Savings Accounts Offering Up to 5.00% APY While Fed Holds Rates SteadyDebt2.6 Million More Student Loan Borrowers Fell Into Default in Early 2026
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Today’s Lead Story
Monday, June 22

Inflation

US Consumer Prices Rose 4.2% in May, Fastest Annual Pace Since 2023

via Bureau of Labor Statistics

Consumer prices climbed 4.2% over the year ending May 2026 — the steepest annual pace in three years — with a 0.5% monthly gain. Energy costs led the way, surging 23.5% year over year due to ongoing geopolitical disruptions.

Why it matters

When inflation outpaces wage growth, every dollar buys less, making this a smart moment to audit your budget and cut any recurring costs you no longer need.

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