Inflation, as measured by the Consumer Price Index, is expected to run above 4% for the first time in three years because of the Iran war’s oil price shock.

By Saqib Iqbal Ahmed NEW YORK, June 10 (Reuters) - The dollar slipped on Wednesday after data showed U.S. consumer inflation rose to its highest level in three years in May, though the reading was in line with economists' expectations,

US inflation has surged to a three-year high in the wake of Donald Trump’s war in Iran as Americans brace for a fresh wave of food inflation caused by a deadly cattle parasite.

Consumer prices rose at a faster rate for a third-straight month in May, to 4.2 percent annually, as the energy shock put more pressure on the U.S. economy.

By Lucia Mutikani WASHINGTON, June 10 (Reuters) - U.S. consumer inflation increased at its fastest pace in three years in May, boosted by surging prices for energy products amid the Middle East conflict,

US CPI for May matches forecasts, but softer core inflation at 2.9% cools market fears, keeping Bitcoin near $60,000.

Gideon Long dives into the latest US inflation figures after prices rose at their fastest pace in three years. We hear from American business owners on the front line of rising costs. We also turn to China,

Economic data showed US inflation remained high but in line with expectations, with traders betting on steady Federal Reserve rates.

One analyst said “the inflation fire is burning, but it has not yet jumped every fence in the neighbourhood.”