US EditionUS inflation rose less than expected to 2.4% in May
- The Labor Department released a report Wednesday showing U.S. consumer prices rose 2.4% year-over-year in May in Washington.
- This inflation increase followed a 2.3% rise in April and was driven by higher grocery and some imported goods prices partly offset by cheaper gas, travel, and rent.
- Core prices excluding food and energy rose 2.8% for the third straight month while monthly overall inflation slowed to 0.1%, down from 0.2% in April.
- Grocery costs rose slightly by 0.3% between April and May and have increased 2.2% compared to the previous year. Meanwhile, the price of gasoline declined by 2.6% in the last month, and although egg prices dropped by 2.7%, they remain more than 40% above their level from a year ago.
- Despite tariffs possibly raising costs, price increases remain moderate so far, suggesting inflation pressures are currently muted but may rise if tariffs persist.
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Economist Nau Bernués analyzed the current economic situation, the dollar and reserves, the new debt issue, and May inflation.
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thedailyeconomy.org
thedailyeconomy.orgTwo Cheers (and a Warning) for May’s Inflation Slowdown
Disinflation is no longer a blip, but a trend. The Bureau of Labor Statistics reported that the Consumer Price Index (CPI) increased 0.1 percent in May, down from 0.2 percent in April. The annual rate of change of 2.4 percent was almost identical to April’s and slightly lower than March’s. Core inflation, which excludes volatile food and energy prices, also rose 0.1 percent last month. It has risen 2.8 percent over the past year. As with previo…
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Total News Sources62
Leaning Left5Leaning Right7Center10Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 23%
C 45%
R 32%
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