US CPI Rises 0.5% MoM in May

The CPI in the US rose 0.5% month-over-month in May 2026, slowing from a 0.6% rise in April and matching forecasts. Energy prices increased 3.9%, after rising 3.8% in April and 10.9% in March. The energy index accounted for over 60% of the monthly increase, amid the energy shock caused by the conflict with Iran. Gasoline soared 7% and fuel oil went up 3.8%. Meanwhile, prices also increased for shelter (0.3%) and food (0.2%). Other gains were seen in prices for communication (1.3%), airline fares (2.7%), medical care (0.3%), personal care (1%), and recreation (0.3%). Conversely, the indexes for motor vehicle insurance (-1.7%), household furnishings and operations (-0.6%), and new vehicles (-0.3%) decreased.

US consumer prices increased by 0.6% month-over-month in April 2026, matching market expectations and following a 0.9% surge in March, the largest since 2022. Energy prices jumped 3.8% in April, after a 10.9% spike the previous month, driven by the Iran war and the closure of the Strait of Hormuz. Shelter costs also rose by 0.6%, up from a 0.3% increase in March, while food prices climbed 0.5%, with food at home rising 0.7% and food away from home up 0.2%. Other indexes that increased in April included household furnishings and operations, airline fares, personal care, apparel, and education. Meanwhile, the indexes for new vehicles, communication, and medical care declined. The core rate, which excludes food and energy, rose 0.4%, the most since January 2025 and higher than the expected 0.3%.

The Consumer Price Index in the United States increased 0.9% month-over-month in March 2026, the largest increase since June 2022, following a 0.3% gain in February and in line with forecasts. Energy prices rose 10.9%, led by a 21.2% jump in gasoline which accounted for nearly three quarters of the increase due to the impact of the war with Iran. The shelter index also increased, rising 0.3%. The price for food was unchanged.