Reported 2 days ago
The Consumer Price Index (CPI) for May demonstrated a slight easing of inflation pressures, rising just 0.1% month over month, which is below April's 0.2% increase and lower than expectations. Annually, CPI rose 2.4%, modestly up from 2.3% in April, but marking the lowest yearly increase since February 2021. Major contributing factors to the cool monthly core CPI included declines in vehicle and apparel prices, countering concerns about the impact of tariffs imposed by President Trump. Despite a temporary pause in some tariffs, uncertainties remain, and economists warn that the risk of higher prices could persist into the year.
Source: YAHOO