inflation News Updates

Facing an estimated $166 billion in refunds, the Trump administration began processing repayments in April. The first round of repayments took place in May.

The ATA For-Hire Truck Tonnage Index contracted 2% from the previous month to 114.4. The reading was 0.6% above the number reported in May 2025.

Excluding the volatile energy and food categories, core prices rose 3.4% in May compared with a year earlier, up from 3.3% in April and the largest increase since October 2023.

A separate report that combines inflation figures with wage data showed that real average hourly earnings fell 0.7%, the biggest drop in three-plus years.

The PCE jumped to 3.8% in April compared with a year ago, the Commerce Department said May 28, up from 3.5% in March and the highest since May 2023.

Energy prices climbed 7.8% from March to April and 22.7% from a year earlier. Gasoline soared 15.6% from March and diesel jumped 12.6%.

Federal Reserve officials left interest rates unchanged but revealed a deepening division over the outlook for policy amid increased uncertainty.

The IMF downgraded its forecast for global growth to 3.1% in 2026 from the 3.3% it had forecast back in January. 

Consumers expect prices to rise at an annual rate of 3.8% over the next year from 3.4% a month earlier, the biggest increase since April 2025.

The Bloomberg survey mirrors new estimates by the OECD, which sees higher inflation in the U.S. and other major economies.