Inflation rose to 4.2% in May
According to the Bureau of Labor Statistics, the seasonally adjusted Consumer Price Index (CPI) increased by 0.5% in May. This rise has led to an overall inflation rate of 4.2% over the past 12 months. Over the last 3 months, inflation has risen at an annual rate of 8.2%, a 7-fold increase compared with the same period last year.
Click here for the latest Lehigh Valley Economic Review.
Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 6/12/26)