Updated
Updated · news.inbox.eu · Jun 9
May 2026 Inflation Hits 3.5% as Fuel Prices Jump 28.2%
Updated
Updated · news.inbox.eu · Jun 9

May 2026 Inflation Hits 3.5% as Fuel Prices Jump 28.2%

3 articles · Updated · news.inbox.eu · Jun 9

Summary

  • Transport and housing drove May’s 3.5% annual inflation rate, contributing 1.4 and 1 percentage points respectively to the overall rise.
  • Fuel prices climbed 28.2% from a year earlier—diesel up 33.3%, gasoline 21.5% and autogas 14.4%—pushing transport costs up 11.1% overall.
  • Housing, water, electricity, gas and other fuels rose 5.8%, led by natural gas at 16.6%, sewage services at 12.1% and water supply at 8.7%.
  • Restaurant and hotel services increased 9.5%, including a 16.3% jump in hotel prices, while healthcare costs rose 4.9%.
  • Food and non-alcoholic beverage prices fell 0.8% on average, with sharp declines in vegetables, butter and tropical fruit partly offsetting broader service-led inflation.

Insights

With strong job growth but soaring costs, is the economy fundamentally broken for the average family?
Geopolitical conflict is fueling inflation. Are central bank interest rate hikes the right cure?
The world's largest oil release failed to tame prices. What happens if the Strait of Hormuz remains closed?