CPI, May and Inflation
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May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.
A months-long streak of cooler inflation trends continued in May, the Bureau of Labor Statistics said on Wednesday. Why it matters: Many economists project that President Trump's tariffs will reignite inflation this year,
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Economists and investors for possible effects of tariffs on prices when the Bureau of Labor Statistics release May’s consumer price index on Wednesday. The consumer price index is expected to increase 0.
Here are the key points to know ahead of this morning's consumer-price index for May: Year-over-year inflation is expected to pick up slightly from April to 2.4%, according to the consensus estimate.
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.
The consumer price index increased 0.1% for the month of May, lower than economists' predictions, with the annual rate reaching 2.4%.