Inflation in the US exceeded 4% in May, reaching its highest level in three years. This increase was driven by rising gasoline prices. The data for May was released by the Department of Commerce.

The inflation indicator favored by the Federal Reserve is the index of prices, but details about this are not specified here. For more information on the current inflation rate and its implications, readers can refer to the original report from KVIA ABC-7 and CNN, which provides further details on the recent surge in inflation.