Consumer prices jumped 4.1% to 3-year high
The PCE increase was largely driven by more expensive gas. (Rogelio V. Solis/AP/File) June 25, 2026 9:21 am, EDT key takeaways: The Federal Reserve’s preferred inflation gauge rose 4.1% in May from a year earlier, the most since April 2023, driven mainly by higher gas prices. Rising costs of fuels, semiconductors and services have kept