CPI for all items rises 0.5% in May; gasoline and shelter up

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The U.S. Bureau of Labor Statistics reported that the CPI-U for all items rose 0.5 percent in May 2026 on a seasonally adjusted basis, following a 0.6 percent rise in April, with the energy index (up 3.9 percent, driven by a 7.0 percent monthly gasoline increase) accounting for over sixty percent of the monthly increase and shelter rising 0.3 percent. Over the 12 months ending May, the all items index increased 4.2 percent before seasonal adjustment, with energy up 23.5 percent, food up 3.1 percent, and the all items less food and energy index up 2.9 percent. The report also notes monthly decreases in motor vehicle insurance (-1.7 percent), household furnishings and operations (-0.6 percent), and new vehicles (-0.3 percent). The Bureau states the CPI-U reached an index level of 335.123 (1982-84=100), and the next release is scheduled for July 14, 2026.

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