2023-06-13 12:56:12
Economists had forecast inflation at 4.1% in May in the United States.
Consumer prices in the United States slowed more than expected in May, official statistics showed on Tuesday. The Labor Department’s Consumer Price Index (CPI) came in at 0.1% in May month-on-month, down from 0.4% in April, and 4% year-on-year, down from 4.9 % in April.
Economists polled by Archyde.com on average expected a slowdown to 0.2% month-on-month and 4.1% year-on-year.
If we exclude volatile elements such as food and energy, so-called core CPI inflation rose by 0.4% in May over one month, while over one year it growth amounts to 5.3%, in line with the estimates of economists polled by Archyde.com.
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