The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent on a seasonally adjusted basis in May, after rising 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for shelter rose 0.3 percent in May and was the primary factor in the all items monthly increase. The food index increased 0.3 percent as both of its major components, the index for food at home and the index for food away from home also rose 0.3 percent in May. In contrast, the energy index declined 1.0 percent ... (full story)

May's Consumer Price Index (CPI) report showed inflation pressures eased on a monthly basis as investors closely watch for any signs that President Trump's tariffs are impacting what consumers pay. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.4% over the prior year in May, a slight uptick from April's 2.3% rise, which marked the lowest yearly increase since February 2021. On a monthly basis, prices increased 0.1%, below April’s 0.2% rise and a beat compared to economists' estimates of a 0.2% monthly gain in prices. On a "core" basis, which excludes ... (full story)