Reported 2 days ago
In May, U.S. consumer prices saw a slight increase of 0.1% due to stable gasoline prices, with the year-on-year consumer price index rising to 2.4%. Economists expected a 0.2% rise, indicating subdued inflation despite ongoing trade tariffs. Analysts express cautious optimism, noting the lower-than-expected CPI may provide some relief to markets, though concerns about future inflation driven by tariffs remain.
Source: YAHOO