Inflation tops 4% for the first time in three years as Iran war drives energy costs higher

Business Inflation tops 4% for the first time in three years as Iran war drives energy costs higher By Taylor Herzlich Published June 10, 2026, 8:34 a.m. ET See more of our coverage in your search results. Add The New York Post on Google Inflation shot past 4% in May for the first time in three years as higher energy costs amid the war in Iran weighed on prices – likely keeping the Federal Reserve on hold next week when it comes to interest rates. The Consumer Price Index rose 4.2% in May over the past 12 months – heating up from 3.8% in April as energy costs continued to soar, the Bureau of Labor Statistics said Wednesday. Inflation shot past 4% in May for the first time in three years. Luiz C.

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