Inflation, Wholesale Prices
Digest more
Top News
Overview
Reactions and opinions
Consumer sentiment improves for 1st time in 6 months
Digest more
U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents
UK households had been expecting inflation to slow over the coming year, according to a Bank of England survey that was conducted before the sudden jump in consumer prices reported last month.
Here are the key points to know ahead of this morning's consumer-price index for May: Year-over-year inflation is expected to pick up slightly from April to 2.4%, according to the consensus estimate.
According to the Labor Department’s most recent report, CPI in May was 2.4% higher than one year prior and 0.1% higher than in April. Inflation has eased in various parts of the economy.
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
The Personal Consumption Expenditures Price Index grew at an annualized rate of 1.2% in April, marking the second consecutive month of below-target inflation.
U.S. inflation rose 2.4% over the 12 months through May, with tariff increases not showing up significantly so far. Metro Phoenix inflation is lower.