US EditionUS consumer prices flat in May, defying expectations for slight rise
- Consumer prices remained steady, resulting in a 3.3% year-over-year increase, lower than the previous month's 3.6%.
- Prices for airfares, furniture, and clothing dropped in May, contributing to inflation control. Auto insurance costs declined slightly, despite a 20% increase from last year.
- President Biden noted progress in lowering inflation, citing a nearly two-thirds decrease from its peak. The dip in auto insurance prices played a significant role in suppressing core inflation.
80 Articles
80 Articles
US inflation cooled in May in a sign that price pressures now easing
WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak. Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2 percent from April to May, the government said We…
US consumer inflation eases ahead of Fed interest rate decision
Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year.
US consumer inflation eases ahead of Fed interest rate decision
Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year.
Good news for Americans: the consumer price index (CPI) slowed slightly in May to 3.3% compared to 3.4% in April. This is one of the most important indicators of inflation in the United States. The Bureau of Labor Statistics (BLS) released the core inflation report, which excludes food and energy prices, this Wednesday, June 12. The core inflation report for May surprised economists, as it exceeded expectations held for last month. According to …
Inflation in the United States unexpectedly fell in May. On the stock exchange, it was a thumbs up, even in Stockholm -- as it opens for interest rate cuts from the US central bank. “Good, but it's not enough,” comments a financial analyst
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