US: inflation at 4.2%

Consumer prices rose by 4.2% in May compared with a year earlier, the US Department of Labour said on Wednesday, accelerating from 3.8% the previous month.

The figures highlighted by Andrea Montanino in the *Corriere della Sera* on 8 June 2026 arenoteworthy: the price of a gallon of petrol (= 4 litres) in the US rose from $2.91 (in February) to $4.43 in June, and the price of beef, partly due to climate change, has risen by 15% over the past year.

Today’s Wall Street Journal adds to this the AI boom, which will create a bottleneck for many supplies (for example: in IT, many components and equipment are no longer available except with long waiting lists and sky-high prices).

Then there is plastic, which is everywhere: from nappies to household and beauty products.

Drafted on 10 June, updated on 15 June 2026