Inflation tops 4% for the first time in 3 years on spike in gasoline prices ^38.5%

NPR - By Scott Horsley - 6/10/2026, 1:08 PM

Post Hoc (False Cause) 35.5% - Negativity Bias 31.5% - Framing Effect 23.3%

Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest level in more than three years. A report from the Labor Department on Wednesday showed consumer prices in May were up 4.2% from a year ago. That's the biggest annual increase since April of 2023. By contrast, the Labor Department says... more