Recent Data Shows US CPI Remains Stable in May Despite Market Predictions

Wednesday, 12 June 2024, 12:56
The latest figures reveal that the US Consumer Price Index (CPI) maintained a steady growth rate in May, in contrast to market expectations of a slight increase. Despite a marginal uptick in the overall CPI, the core index, excluding volatile food and energy costs, saw a smaller rise compared to the previous month, suggesting a possible stabilization in inflation pressures.
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Recent Data Shows US CPI Remains Stable in May Despite Market Predictions

US Consumer Price Index in May

In the 12 months through May, the CPI advanced 3.3% after increasing 3.4% in April. Economists polled by Reuters had forecast the CPI edging up 0.1% and gaining 3.4% year-on-year. Excluding the volatile food and energy components, the CPI climbed 0.2% in May, less than April's 0.3% rise.

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