INFLATION RISES TO 2.4% BUT BELOW EXPECTATIONS

Key Points:

  • The Consumer Price Index (CPI) rose 0.1% in May, after rising 0.2% in April.
  • CPI increased 2.4% from a year ago, up from 2.3% in April, but beating expectations of 2.5%.
  • The index for shelter rose 0.3%, the index for food rose 0.3%, and the energy index fell 1.0% over the month.
  • The index for food at home and food away from home both rose 0.3%.
  • The core CPI, which excludes food and energy, rose 0.1% in May and is up 2.8% from the previous year.
  • The energy index is down 3.5%, the food index is up 2.9%, and shelter is up 3.9% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source