local
Inflation topped 4% in May, but the worst may be over
By CNN Newsource at KVIA ABC-7
· June 25, 2026
· 3 min read
By Elisabeth Buchwald, CNN
(CNN) — High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4....
Key takeaway The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4.
Why this matters in The El Paso
For El Paso residents, the recent inflation numbers have real implications for household budgets. With gas prices being a major contributor to the inflation rate, the decline in prices at the pump could bring some relief to commuters and families in the area. However, the core inflation rate, which excludes gas and food prices, still rose to 3.4% in May, indicating that other expenses, such as housing and healthcare, continue to put pressure on local wallets. As the Federal Reserve considers its next moves, El Pasoans will be watching closely to see how changes in interest rates might affect their mortgage payments, credit card debt, and overall cost of living. The upcoming months' data will be crucial in determining whether the current inflation trend is indeed slowing down, and how that might impact the local economy and residents' purchasing power.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 25, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? By Elisabeth Buchwald, CNN
(CNN) — High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to 4....
When was this published? This article was first published on June 25, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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