WASHINGTON, D.C. — The Bureau of Labor Statistics will release its next inflation reading on May 12, 2026. The report will arrive as mortgage interest rates have continued to climb in the opening months of the year.

The average rate on a 30-year mortgage stood at 6.12% on April 9, 2026. After an inflation report was released the following day, April 10, the average rate rose to 6.25%. By early May 2026, the average rate on a 30-year mortgage had reached 6.37%.

Inflation is a major factor driving mortgage interest rates. Overseas conflicts, pronounced market uncertainty and a surge in inflation have contributed to the rise in mortgage interest rates over recent months.

The Federal Reserve has held interest rates in place throughout 2026. The May 12 inflation reading will be among the data points available to policymakers as they assess the trajectory of price growth in the U.S. economy. The BLS report is scheduled for release in the morning, and markets have tracked inflation data closely as the Fed weighs whether economic conditions warrant a change in its rate policy.

Mortgage rates have moved in response to inflation data in recent months. The April 10 inflation report coincided with a 13-basis-point increase in the average 30-year mortgage rate in a single day, rising from 6.12% to 6.25%. The rate then climbed further to 6.37% by early May, reflecting continued upward pressure on borrowing costs.