Saturday, May 31, 2025

Latest

US Consumer Prices Rise 4% in May

After rising 4.9% year-over-year in April, US consumer prices continued their descent last month, increasing 0.1% to an annualized 4%— slightly below forecasts calling for a print of 4.1%. Core CPI, which does not account for food and energy, was up 5.3% over the past 12 months, slightly below the prior month’s 5.5% and in line with expectations.

Looking under the hood, the biggest contributors to last month’s inflation were the shelter and used cars and trucks indices, which jumped 0.6% and 4.4% month-over-month, respectively. Food inflation, meanwhile, continued to ascend upwards, rising 0.2% in May to an annualized 6.7% after briefly dipping the month before. Three of BLS’ six main food categories noted price gains, primarily the index for fruit and vegetables, which was up 1.3% from April.

Energy prices were also down 3.6% in May, following a 0.6% month-over-month increase in April. Nearly all energy components noted price declines, with the gasoline index dropping 19.7% over the past 12 months; on the contrary, though, the index for electricity was up 5.9% from one year ago.

The latest inflation print will be a critical indicator ahead of the Fed’s two-day policy meeting that wraps up on Wednesday, where markets are broadly expecting Fed Chair Jerome Powell to pause the rate hiking cycle.

Information for this briefing was found via the BLS and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

General Mills: Inflation Forecasted To Hit Mid-Single Digits

Cinnamon Toast Crunch debacle aside, it appears General Mills may have a lot more to...

Sunday, April 4, 2021, 11:31:00 AM

Will Inflation Continue to Accelerate? Or Is It Transitory?

In today’s video we look at the recent inflation print. We break down the individual...

Thursday, January 13, 2022, 01:30:00 PM

Canadian Consumer Prices are the Highest in a Decade… But It’s Just Transitory

Did you feel that your pocketbook was a lot emptier last month after paying for...

Saturday, May 22, 2021, 01:11:00 PM

Consumer Inflation Slowed in January, But Grocery Prices Continue to Skyrocket

As widely expected, Canadian consumer prices continued their decline in January— albeit thanks to the...

Tuesday, February 21, 2023, 08:45:46 AM

US Social Security Benefits Boosted 5.9% in Effort to Combat Out-of-Control Inflation

Thanks to rampant inflation that is everywhere and no longer merely transitory, nearly 70 million...

Friday, October 15, 2021, 03:29:00 PM