US energy inflation accelerated further to 23.5% year-over-year in May 2026, up from 17.9% in April and marking the sharpest annual increase since August 2022. The rise was driven by a 40.6% jump in energy commodities amid the Middle East conflict and ongoing disruptions in the Strait of Hormuz, with gasoline prices jumping 40.5% and fuel oil prices surging 58.9%. Energy services advanced 5.3%, led by a 5.9% increase in electricity costs and a 3.0% rise in piped gas service. On a monthly basis, energy prices advanced by 3.9%, after a 3.8% surge in the preceding month. source: Bureau of Labor Statistics

Energy Inflation in the United States increased to 23.50 percent in May from 17.90 percent in April of 2026. Energy Inflation in the United States averaged 4.42 Percent from 1958 until 2026, reaching an all time high of 47.13 Percent in March of 1980 and a record low of -28.09 Percent in July of 2009. This page includes a chart with historical data for the United States Energy Inflation. United States Energy Inflation - values, historical data and charts - was last updated on June of 2026.



Related Last Previous Unit Reference
CPI 335.12 333.02 points May 2026
Core Consumer Prices 335.42 334.17 points Apr 2026
Core Inflation Rate YoY 2.90 2.80 percent May 2026
Core Inflation Rate MoM 0.20 0.40 percent May 2026
Core PCE Price Index 129.63 129.32 points Apr 2026
Core PCE Price Index YoY 3.30 3.20 percent Apr 2026
Core PCE Price Index MoM 0.20 0.30 percent Apr 2026
Core PCE Prices QoQ 4.40 2.70 percent Mar 2026
Core Producer Prices 154.06 152.48 points Apr 2026
Core PPI MoM 1.00 0.20 percent Apr 2026
Core PPI YoY 5.20 4.00 percent Apr 2026
CPI Core Core YoY 2.70 2.60 percent May 2026
CPI Housing Utilities 358.39 357.35 points May 2026
CPI Median 2.80 2.70 percent Apr 2026
CPI s.a 333.98 332.41 points May 2026
CPI Transportation 298.41 291.75 points May 2026
CPI Trimmed-Mean 2.80 2.60 percent Apr 2026
Energy Inflation 23.50 17.90 Percent May 2026
Export Prices 166.10 160.80 points Apr 2026
Export Prices MoM 3.30 1.50 percent Apr 2026
Export Prices YoY 8.80 5.40 percent Apr 2026
Food Inflation 3.10 3.20 percent May 2026
GDP Price Index 131.74 130.62 points Mar 2026
Import Prices 147.60 144.80 points Apr 2026
Import Prices MoM 1.90 0.90 percent Apr 2026
Import Prices YoY 4.20 2.30 percent Apr 2026
Consumer Inflation Expectations 3.50 3.60 percent May 2026
Inflation Rate YoY 4.20 3.80 percent May 2026
Inflation Rate MoM 0.50 0.60 percent May 2026
Michigan 5 Year Inflation Expectations 3.90 3.50 percent May 2026
Michigan Inflation Expectations 4.80 4.70 percent May 2026
PCE Price Index 130.90 130.38 points Apr 2026
PCE Price Index YoY 3.80 3.50 percent Apr 2026
PCE Price Index MoM 0.40 0.70 percent Apr 2026
PCE Prices QoQ 4.50 2.90 percent Mar 2026
PPI Ex Food Energy and Trade Services 141.24 140.45 points Apr 2026
PPI Ex Food, Energy and Trade MoM 0.60 0.20 percent Apr 2026
PPI Ex Food, Energy and Trade YoY 4.40 3.70 percent Apr 2026
PPI MoM 1.40 0.70 percent Apr 2026
PPI 156.50 154.37 points Apr 2026
PPI YoY 6.00 4.30 percent Apr 2026
Shelter Inflation 3.40 3.30 percent May 2026
Services Inflation 3.50 3.40 Percent May 2026


United States Energy Inflation
Energy Inflation in the United States accounts for more than 9 percent of the consumer price index.
Actual Previous Highest Lowest Dates Unit Frequency
23.50 17.90 47.13 -28.09 1958 - 2026 Percent Monthly
NSA

News Stream
US Energy Inflation Quickens in May
US energy inflation accelerated further to 23.5% year-over-year in May 2026, up from 17.9% in April and marking the sharpest annual increase since August 2022. The rise was driven by a 40.6% jump in energy commodities amid the Middle East conflict and ongoing disruptions in the Strait of Hormuz, with gasoline prices jumping 40.5% and fuel oil prices surging 58.9%. Energy services advanced 5.3%, led by a 5.9% increase in electricity costs and a 3.0% rise in piped gas service. On a monthly basis, energy prices advanced by 3.9%, after a 3.8% surge in the preceding month.
2026-06-10
US Energy Inflation Highest Since 2022
US energy inflation soared to 17.9% year-over-year in April 2026, up from 12.5% in March and marking the steepest annual increase since September 2022. The surge was driven by the Iran war and the closure of the Strait of Hormuz. Energy commodities spiked 29.2%, with gasoline prices up 28.4% and fuel oil rising 54.3%. Energy services also climbed 5.4%, led by a 6.1% increase in electricity costs and a 3.0% rise in piped gas service. On a monthly basis, energy prices jumped 3.8% in April, following a 10.9% surge in March.
2026-05-12
US Energy Inflation Hits Over 3-Year High
Energy prices in the United States jumped by 12.5% year-on-year in March 2026, the sharpest increase since November 2022, after a 0.5% rise in the prior month. Main upward pressure came from prices of fuel oil (44.2% vs 6.2%) and gasoline (18.9% vs -5.6%), reflecting the impact of energy disruptions amid the Middle East crisis. Meanwhile, prices slowed for natural gas (6.4% vs 10.9%) and electricity (4.6% vs 4.8%). On a monthly basis, energy prices surged by 10.9%, after a 0.6% increase in the previous month.
2026-04-10