Shafaqna English– Prices likely increased in May as companies and consumers grappled with Trump’s tariffs.
Annualized inflation ticked higher, to 2.4%, in May, up from 2.3% in April. On a month-to-month basis, the consumer price index rose by 0.1%, down from 0.2% the previous month.
The readings were softer than expected. Economists had expected a headline CPI reading of 2.5% in May, amid widespread uncertainty over the direction of the US economy.
Core inflation, which measures price increases outside of food and gas, went up 0.1% on the month, down from 0.2% in April, according to the Bureau of Labor Statistics.
Source: Guardian