The report released Wednesday morning by the Bureau of Labor statistics showed CPI in May rising 0.5% over the previous month and 4.2% year-over-year, the highest annual pace of inflation since April 2023. Much of the increase is tied to the rise in fuel prices due to President Donald Trump's ongoing war with Iran, which has driven rising prices on numerous goods across the American economy.

As of 2 p.m. ET on June 10, Fox News has spent less than 30 seconds discussing rising inflation, with only a brief headline read appearing on America's Newsroom, according to a Media Matters review. Anchor Bill Hemmer during the headline described the highest inflation since April of 2023 as “not what we want, but it is in line with expectations.” Later, Outnumbered aired live coverage of Trump speaking to press in the Oval Office, but the Fox panel did not offer commentary on the president’s announcement that “I love the inflation” in response to questions about the report. 

Rising fuel costs and the rising cost of living caused by the war in Iran continue to have numerous impacts on the day-to-day lives of Americans, even as right-wing media attempt to downplay fuel prices and other negative side effects of the war. 

Media Matters searched transcripts in the SnapStream video database for all original programming on Fox News Channel for any of the terms “Inflation,” “Consumer Price Index,” “CPI,” “BLS,” or “Bureau of Labor Statistics” from 8:30 a.m. ET on June 10, 2026, when the May Consumer Price Index report was released by the Bureau of Labor Statistics, through 2 p.m. ET June 10, 2026.

We timed segments, which we defined as when the May Consumer Price Index report or its findings was the stated topic of discussion or when we found significant discussion of the report or its findings. We defined significant discussion as instances when two or more speakers in a multitopic segment discussed the report or its findings with one another. 

We also timed mentions, which we defined as instances when a single speaker in a segment on another topic mentioned the report or its findings without another speaker in the segment engaging with the comment, and teasers, which we defined as instances when the anchor or host promoted a segment about the report or its findings scheduled to air later in the broadcast.