Inflation at 4.2% in May -- highest in three years

10,154 Views | 169 Replies | Last: 21 min ago by CDUB98
MemphisAg1
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7:34a, 6/10/26
AG
Ouch. Not setting up well for the midterms.

It's a real issue for those not substantially invested on Wall Street and enjoying the hot market. The K-economy is real. Plenty of indicators out there about people struggling, with delinquencies for home, auto, credit card, and student loans increasing. I don't see how this gets glossed over come election time. Trump's lieutenants keep trying to spin it otherwise, but it's not working.

I don't want to see the Dems take Congress, but it's getting harder to see how we avoid that outcome.

Maybe if they keep nominating far left nuts like Talarico and Platner it will help the cause, but at some point people hold their nose and vote for the party out of power when their pocket book is hurting.

https://www.cnbc.com/2026/06/10/cpi-inflation-report-may-2026.html
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3rd Coast
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7:35a, 6/10/26
AG
I was told our economy was awesome and we need cheaper interest…
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Capt. Augustus McCrae
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7:37a, 6/10/26
AG
Guys, the DOW just hit 51,000!
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flown-the-coop
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In reply to Capt. Augustus McCrae • 7:38a, 6/10/26
AG
Capt. Augustus McCrae said:
Guys, the DOW just hit 51,000!

Do they not adjust Section 8 housing allowances and WIC benefits for inflation? Let us know.
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MouthBQ98
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7:39a, 6/10/26
AG
We have money chasing less production. This is a combination of the oil supply disruption and a bit of tariff effects. This will freak out the markets because it will signal no change or even possibly higher interest rates.
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Old McDonald
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7:40a, 6/10/26
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse
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1939
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7:42a, 6/10/26
AG
2.9% excluding food and energy. Not sure why you would exclude food but I do think oil prices are temporary.
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MouthBQ98
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7:42a, 6/10/26
AG
Fwiw, oil and derived gasoline peaked last month and appears to be headed back down some. That will make a difference.
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flown-the-coop
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In reply to Old McDonald • 7:44a, 6/10/26
AG
Old McDonald said:
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse

So Trump has done nothing on any front to make anything more affordable, particularly housing?

Strange.

And jobs report off higher than expected along with previous month revisions upward are what had the markets skittish about rate hikes.

But you are probably right. Deporting millions and closing the border along with actions at both HUD and FHA are not about housing affordability. Neither are trade deals, trillions of investments, and gigantic tax breaks that most middle class and blue collar workers benefited substantially from.

Yep, has done nothing.

Meanwhile, what would Kamala have done and how would she had reigned in inflation? What has that bipartisan power duo of Ro Khanna and Tommie Massie done to bring down costs?
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BusterAg
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In reply to Old McDonald • 7:44a, 6/10/26
AG
Old McDonald said:
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse

This is false.
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flown-the-coop
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In reply to 1939 • 7:46a, 6/10/26
AG
1939 said:
2.9% excluding food and energy. Not sure why you would exclude food but I do think oil prices are temporary.

They are excluded for the same reason - the volatility.
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Logos Stick
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In reply to Old McDonald • 7:47a, 6/10/26
Old McDonald said:
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse


Inflation was 2.9% during 2024. That was not the top issue driving voters.
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PaulsBunions
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In reply to BusterAg • 7:51a, 6/10/26
AG
BusterAg said:
Old McDonald said:
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse

This is false.


Not really, when DC spends more than it earns they have to keep the money printer flipped on to make up the deficit. But he wanted to spend like Biden so here we are.
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BusterAg
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In reply to PaulsBunions • 7:56a, 6/10/26
AG
PaulsBunions said:
BusterAg said:
Old McDonald said:
affordability and inflation were the top issues that got trump reelected in 2024, and since then he has done everything in his power to make the problem worse

This is false.


Not really, when DC spends more than it earns they have to keep the money printer flipped on to make up the deficit. But he wanted to spend like Biden so here we are.

Printing money by spending money = inflation. Not arguing there at all.

Closing the border and deporting like crazy -> good for combating inflation. This gets conveniently ignored by too many people.

FHA closing the doors on all Non-resident aliens is something done THIS WEEK to combat inflation.
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5Amp
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7:58a, 6/10/26
Grok:

Annual Average Inflation Rates:
2020: 1.2% (low due to COVID-19 economic slowdown)
2021: 4.7% (sharp rise as economy recovered)
2022: 8.0% (peak post-pandemic inflation, driven by supply issues, energy, and demand)
2023: 4.1% (cooling from 2022 highs)
2024: 2.9% (further moderation toward Fed target)
2025: 2.6% (continued stability)
2026: ~2.7% (estimate based on early-year data; note that recent monthly readings have risen, with the 12-month rate hitting 4.2% as of May 2026 due to energy price surges)
Recent Context (as of June 2026):
The latest 12-month inflation rate (through May 2026) is 4.2%, up from 3.8% the prior month, largely due to energy costs (especially gasoline) amid geopolitical tensions.
Core inflation (excluding food and energy) is around 2.9%.
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K2-HMFIC
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8:02a, 6/10/26
Inflation is bad because of Iran and tariffs.

Sometimes it really is that simple.
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1939
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In reply to K2-HMFIC • 8:05a, 6/10/26
AG
K2-HMFIC said:
Inflation is bad because of Iran and tariffs.

Sometimes it really is that simple.


Inflation is caused by printing too much money.
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3rd Coast
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In reply to 1939 • 8:08a, 6/10/26
AG
1939 said:
K2-HMFIC said:
Inflation is bad because of Iran and tariffs.

Sometimes it really is that simple.


Inflation is caused by printing too much money.

It really is that simple
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Rapier108
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8:11a, 6/10/26
Despite the goal tending for Trump which some people will do no matter what, this is a very bad look for him.

If the Democrats sweep the Senate races, and that includes Texas, then the fault will be solely with Trump and Trump alone, no matter how much the (censored) will try to spin it.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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AGHouston11
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In reply to Capt. Augustus McCrae • 8:24a, 6/10/26
AG
Capt. Augustus McCrae said:
Guys, the DOW just hit 51,000!


At the current pace Trump will be remembered as the president in office when the DOW broke 50k and then the debt broke 50 TRILLION!
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Dungeon Crawler Carl
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8:31a, 6/10/26


History is rhyming.......


It's Trump's fault along with the prior Presidents, Congresses, and Federal Reserve boards.


In other words, it's the uni-party stupid.
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tysker
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8:32a, 6/10/26
AG
Inflation is up because the government continues to spend money it doesn't have
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Bunk Moreland
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8:33a, 6/10/26
Crazy how fast ftc always shows up to shill for Trump. Only a paid operative moves that fast.
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flown-the-coop
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In reply to Dungeon Crawler Carl • 8:34a, 6/10/26
AG
Trump being uniparty may be one of the most oddball takes I have seen.

Meanwhile:

https://instagr.am/p/DZLAiqjGX9W
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3rd Coast
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In reply to Bunk Moreland • 8:35a, 6/10/26
AG
Right on time
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infinity ag
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8:37a, 6/10/26
Looks like Trump is losing all this trump cards for the elections.

Jobs - bad
inflation - bad
H1B - good but just got bad
economy - bad
immigration - so-so, losing steam
debt - bad
tariff - good became bad (by courts)

Only positive:
stock market - good
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Waffledynamics
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8:38a, 6/10/26
AG
This might be a stupid question, but can the Fed enact a controlled, mild deflation to reverse any of this? I understand somewhat that a deflationary spiral would be catastrophic, but can they somehow do it mildly and avoid the negative consequences?

Our government just will not stop printing money.
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nortex97
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8:39a, 6/10/26
AG
What's crazy is how fast democrats/leftists rushed to worry about inflation (or the 'affordability' dumbing down of the economic term) on January 20th, 2025.

A nuclear Iran, Potus Veepthroat, green new deal 2.0, hundreds of Billion$ more to forever-war Zelensky, and open borders forever wouldn't have produced the hallowed lower inflation they now claim to covet (while studiously ignoring jobless figures).
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No Spin Ag
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In reply to 3rd Coast • 8:42a, 6/10/26
3rd Coast said:
I was told our economy was awesome and we need cheaper interest…


Hey, gas is cheaper than it was under Biden.

Yes, housing is more expensive. Beef is more expensive. Anything that is imported from other countries is more expensive because of tarrifs. Shrinkflation (getting smaller amounts of things for the same price, so, still losing out) is very much real.

But, again, gas is cheaper than under Biden.
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
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1939
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In reply to infinity ag • 8:42a, 6/10/26
AG
infinity ag said:
Looks like Trump is losing all this trump cards for the elections.

Jobs - bad
inflation - bad
H1B - good but just got bad
economy - bad
immigration - so-so, losing steam
debt - bad
tariff - good became bad (by courts)

Only positive:
stock market - good


Jobs - Average to good
Inflation - bad to average
Economy - average
Immigration- good
Debt - bad
Tariffs - depends on who you ask, bad for the globalists.


All of these are better than what they would be if Dems were in charge.
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SA68AG
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8:42a, 6/10/26
AG
The number one issue in the 2024 election was the economy.

Trump promised to bring down inflation and he hasn't because of his policies on tariffs and the Iran war's impact on energy prices.

If Trump doesn't resolve the Iran war quickly (and it may already be too late), the mid-terms are going to be a bloodbath.
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3rd Coast
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In reply to nortex97 • 8:46a, 6/10/26
AG
Not sure who this is directed to specifically, but it is okay to criticize Trump and not be a liberal soy boy. Both things can be true. Trump is a narcissistic ******* who has done some good things, but often takes credit for things that he had nothing to do with. For me, his bad is starting to outweigh his good. That does not equate to me wishing any Democrat was in office.
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Vestal_Flame
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8:47a, 6/10/26
AG
Excluding food and energy may prove useful for understanding the long-term economic trend. Focusing on food, energy, and rent may prove useful for predicting the magnitude of the political impact.
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HTownAg98
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In reply to Waffledynamics • 8:47a, 6/10/26
Waffledynamics said:
This might be a stupid question, but can the Fed enact a controlled, mild deflation to reverse any of this? I understand somewhat that a deflationary spiral would be catastrophic, but can they somehow do it mildly and avoid the negative consequences?

Our government just will not stop printing money.

Not really. Slowly unwinding the tariffs would be a good start, but that's not something the Fed can do.
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army01
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8:50a, 6/10/26
AG
"Inflation like we haven't seen before. People come up to me and say, 'Sir, can we have more inflation? We're tired of winning so much!' And they love me. We're making a lot of money from prices being so high! Record number of people voting for me. I won in a landslide! And the only reason why we don't have a super majority is because the democrats rigged the election!"/Trump probably
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