Despite the tariff policy of the Donald Trump administration, analysis shows that the consumer price index in the U.S. in May did not rise as much as experts initially feared.
On June 11, the U.S. Department of Labor announced that the consumer price index (CPI) in May increased by 2.4% compared to the same month last year. Compared to the previous month, it rose by 0.1%.
The year-over-year increase matched the expert forecast compiled by Dow Jones, while the month-over-month increase fell short of expert expectations (0.2%).
The core CPI, excluding volatile energy and food prices, increased by 2.8% compared to the same month last year and by 0.1% compared to the previous month.
The growth rate of the core index fell short of expert expectations for both year-over-year and month-over-month comparisons.