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Inflation came in less than expected in May.
Consumer prices rose 0.1%, it was expected to rise 0.2%.
Core CPI rose 0.1%, it was expected to rise 0.3%.
CPI 0.1% MoM, Exp. 0.2%
CPI Core 0.1% MoM, Exp. 0.3%CPI 2.4% YoY, Exp. 2.4%
CPI Core 2.8% YoY, Exp. 2.9%— zerohedge (@zerohedge) June 11, 2025
Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.
Consumer prices rose 0.1% last month, while the annual inflation rate increased to 2.4% from a four-year-low of 2.3% notched in April, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.
…
May’s overall inflation readings came in better than expected. Economists had projected that falling gas prices would keep the overall monthly inflation rate in check while year-ago comparisons became less favorable.
Forecasts called for a 0.2% monthly rise and for the CPI to increase 2.5% on an annual basis, according to FactSet.
Trump celebrated the report and called for the Federal Reserve to cut rates.
CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!
Great news!