May Inflation Expected to Exceed 4% for First Time in Three Years

WHO:

CNBC - Liz Ann Sonders, chief investment strategist at Charles Schwab, commented on inflation trends.

CNBC - The Trump administration has made statements regarding inflation.

WHAT:

Bloomberg - Meera Pandit, Global Market Strategist at JPMorgan Asset Management, forecasts a CPI print above 4% and notes that gasoline prices peaked in late May and have been declining, which could lead to reduced energy inflation pressure in subsequent reports.

CBS News - Economists expect the Consumer Price Index to show U.S. inflation continuing to rise.

CNBC - Inflation is expected to run at a 4.2% annual rate with a 0.5% monthly gain in May.

CNBC - This would mark the first time the CPI has passed 4% since May 2023.

CNBC - The annual headline inflation was 3.8% in April, while the core rate stood at 2.8%.

CNBC - Core prices are projected to post a 2.9% annual reading after rising 0.3% in May.

WHERE:

CBS News - The inflation data pertains to the United States.

WHEN:

CNBC - The Bureau of Labor Statistics will release the inflation report at 8:30 a.m. ET.

CNBC - The inflation numbers are due out Wednesday morning.

WHY:

CNBC - The rise in inflation is attributed to higher energy costs resulting from the Iran war.

CNBC - Sonders indicated that the inflation issue is broader than just energy, involving money supply and AI.

HOW:

CNBC - Sonders noted that the inflation problem is becoming "stickier" and is not expected to dissipate quickly.

(UPDATED June 10, 2026 01:45 UTC)

Meera Pandit, a Global Market Strategist at JPMorgan Asset Management, predicts that the upcoming Consumer Price Index report will show inflation above 4%, while also noting that gasoline prices, which peaked in late May, have been on the decline. This drop in gasoline prices could potentially ease energy inflation pressure in future reports. The Bureau of Labor Statistics is set to release the inflation report at 8:30 a.m. ET.

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(UPDATED June 9, 2026 23:24 UTC)

Economists are anticipating that the Consumer Price Index will show a continued rise in U.S. inflation, with projections indicating an annual rate of 4.2% and a monthly gain of 0.5% in May. This increase would mark the first time the CPI has surpassed 4% since May 2023, as core prices are expected to rise to a 2.9% annual reading. Liz Ann Sonders from Charles Schwab highlighted that the inflation issue is becoming "stickier," driven not only by higher energy costs linked to the Iran war but also by broader factors such as money supply and advancements in AI.