Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News' Kelly O'Grady breaks it down.
Us News
Americans face accelerating inflation pressures amid Iran war, growing energy prices
Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News' Kelly O'Grady breaks it down.
Published June 10, 2026, 2:55 PM
Updated June 10, 2026, 3:05 PM2.5K
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