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

GoodRx tracked how inflation is hitting consumers across different budget categories, including prescription medications.

As inflation holds steady, many economists anticipate potential price hikes in consumer goods in the months ahead as tariffs take effect.

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.

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

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents

Consumer sentiment improved more than expected in June, indicating a swell of optimism as President Donald Trump rolled back some tariffs in recent weeks.

A months-long streak of cooler inflation trends continued in May, the Bureau of Labor Statistics said on Wednesday. Why it matters: Many economists project that President Trump's tariffs will reignite inflation this year,

Inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.

Amidst a slight cooling in economic activity, inflation has been making decent progress towards the 2% target. Click to read.