- The Labor Department’s Consumer Price Index (CPI) rose 2.4% year-over-year last month, up slightly from April’s 2.3% but below economists’ forecast of 2.5%.
- On a monthly basis, inflation eased to 0.1%, compared with expectations of 0.2%, which would have matched April’s reading.
- A rise in shelter costs drove much of May’s increase, though this was partly offset by a drop in gasoline prices, which pushed energy costs down by 1%, according to the Bureau of Labor Statistics.
- Excluding volatile food and energy prices, the "core" CPI held steady at April’s annual rate of 2.8%, while the monthly figure dipped to 0.1%—both below estimates.
Analysis

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U.S. Consumer Prices Rise 2.4% in May, Slower Than Expected
U.S. consumer prices increased at a slower-than-expected annual pace in May, even as concerns grew over the potential inflationary impact of President Donald Trump’s aggressive...
author: Ahura Chalaki
24
published:Jun 11, 2025 11:19
Reading Time:
1 minutescategory:fundamental

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