The European Central Bank has brought inflation under control but mustn’t become complacent due to the highly volatile geopolitical backdrop, according to Governing Council member Joachim Nagel.

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

The average hourly earnings for private sector workers in Michigan has increased at nearly the same rate as inflation in the past five years.

Rule No. 1 of inflation reports is never to read too much into one report, but there have now been several months of fairly low inflation, so it seems safe to call it: The Fed did its job.

The Bureau of Labor Statistics reported that the consumer price index (CPI) increased in May, as inflation remained above the Federal Reserve's 2% target.

Inflation rose by one-tenth of a percentage point to 2.4% for the year ending in May, the Bureau of Labor Statistics reported Wednesday in an update to the consumer price index.

Inflation rose 2.4% year over year and 0.1% month over month in May. NBC News' Brian Cheung and Investopedia's Editor-in-Chief Caleb Silver break down the latest inflation numbers for the U.S.

Inflation likely rose in May, bouncing back after three months of declining as President Donald Trump's tariffs start to push up prices.

Inflation fell more than expected, dropping nearly to the Federal Reserve's target of a 2% annual rate by one measure.

The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.

Economists at Goldman Sachs say the Trump administration’s tariff policy will lift prices but not trigger an inflation surge.

Median expectations for inflation three years from now rose to 3.2% in April, the highest reading since July 2022. Estimates for year-ahead price growth, however, held steady.