21:30 - 10.06.2026

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June 10, Fineko/abc.az. According to the US Department of Labor, consumer price inflation accelerated sharply in May, driven by climbing gasoline and energy commodity metrics amid the Middle East conflict and geopolitical turbulence.

ABC.AZ reports, citing official statistics, that the US annual inflation rate jumped to 4,2% (up from 3,8% in April), marking its highest level since April 2023. On a month-over-month baseline, consumer prices ticked up by 0.5%, matching market estimates.

Key Statistical Highlights:

• Core Inflation Slowdown: The core consumer price index, which excludes volatile food and energy sectors, slowed to 0.2% on a monthly basis (down from 0.4%), coming in below the projected 0.3%. Year-on-year core inflation rose from 2,8% to 2.9%.

• Hawkish Shift for the Fed: Analysts note that even a swift resolution to regional warfare may not prevent secondary supply shocks. Disruptions in global fertilizer pipelines and mounting shipping costs threaten to keep consumer items elevated, potentially pushing Federal Reserve officials to weigh interest rate hikes later this year.