The May inflation numbers are due out Wednesday morning. Here's what to expect

A customer shops at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images Inflation numbers out Wednesday are expected to cross another unpleasant threshold as the cost of living continues to climb for U.S. consumers. If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate off an expected 0.5% monthly gain in May. …