May, Consumer Price Index and Inflation
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Here are the key points to know from this morning's consumer-price index for May: Year-over-year inflation picked up slightly, as expected, to 2.4%. For April, the [reading was 2.3%](
The latest Producer Price Index, a closely watched measurement of wholesale inflation, rose 0.1% in May, lifting the annual rate to 2.6%, according to Bureau of Labor Statistics data released Thursday.
The Consumer Price Index increased from 2.3% in April to 2.4% in May year-over-year, according to the Bureau of Labor Statistics’ report.
Egg prices declined again in May, but still remain substantially higher than they were a year ago as avian flu remains on the loose.
May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
May's Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis despite investor concerns that President Trump's tariffs would accelerate the pace of price increases. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 0.