Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

Americans are growing increasingly concerned about the effect tariffs will have on their finances. Look at their tariff-related fears and how to address them.

The Consumer Price Index rose 2.4 percent in May, from a year earlier, a reading that reflects only the initial impact of President Trump’s tariffs.

CPI report shows that President Trump's whipsaw tariff policies have not had an outsized impact on inflation, but economists remain on guard.

Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

Economists and investors for possible effects of tariffs on prices when the Bureau of Labor Statistics release May’s consumer price index on Wednesday.

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase

The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.

Expected price hikes from a wave of US tariffs on global trade have yet to meaningfully show up in government inflation data, but economists warn that increases may be close.

Consumer prices rose 2.4% over the year in May, slightly higher than the previous month but below economists' expectations.

Under President Donald Trump's administration, the economic landscape of the United States remains a hotbed of discussion, particularly concerning tariff policies and their potential inflationary effects.