CPI-U declined 0.1 percent vs 0.0 expected; less food and energy rose 0.1 percent vs 0.2 expected

Sharing is Caring!
  • Overall CPI-U: The Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in May on a seasonally adjusted basis, following a 0.3% increase in April. Over the last 12 months, the all items index rose by 3.3% before seasonal adjustment.
  • Shelter Index: The index for shelter increased by 0.4% in May, marking the fourth consecutive month of growth. This offset the decline in gasoline prices.
  • Food Index: The food index increased by 0.1% in May. Specifically:
    • Food at home (groceries) remained unchanged.
    • Food away from home (restaurant meals) rose by 0.4%.
  • Energy Index: The energy index fell by 2.0% in May, primarily due to a 3.6% decrease in the gasoline index.
  • Core CPI (Excluding Food and Energy): The index for all items less food and energy rose by 0.2% in May, following a 0.3% increase in the preceding month. Notable increases included shelter, medical care, used cars and trucks, and education. However, indexes for airline fares, new vehicles, communication, recreation, and apparel decreased.
  • Annual Inflation: Over the 12 months ending in May, the all items index rose by 3.3%, slightly lower than the 3.4% increase for the 12 months ending in April. The core index (excluding food and energy) increased by 3.4%, while the energy index rose by 3.7%, and the food index increased by 2.1%.
See also  The US Trade Deficit with China is Understated by as Much as 30 Percent
See also  More than 15,000 store closures are expected for 2025, which is double the number from 2024—not including the ongoing global restaurant apocalypse.

 

Source:

https://www.bls.gov/news.release/cpi.nr0.htm


46 views