KONTAN.CO.ID - WASHINGTON. U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% in April. In the 12 months through April, the CPI climbed 4.0%. That was the smallest year-on-year increase since March 2021 and followed a 4.9% rise in April. The annual CPI peaked at 9.1% in June 2022, which was the biggest increase since November 1981, and is subsiding as last year's large rises drop out of the calculation.
US Consumer Prices Slow in May; Core Inflation Sticky
KONTAN.CO.ID - WASHINGTON. U.S. consumer prices rose moderately in May, leading to the smallest annual increase in inflation in more than two years, though underlying price pressures remained strong, supporting views that the Federal Reserve would keep interest rates unchanged on Wednesday while adopting a hawkish posture. The Consumer Price Index (CPI) increased 0.1% last month as gasoline prices fell, the Labor Department said on Tuesday. The CPI gained 0.4% in April. In the 12 months through April, the CPI climbed 4.0%. That was the smallest year-on-year increase since March 2021 and followed a 4.9% rise in April. The annual CPI peaked at 9.1% in June 2022, which was the biggest increase since November 1981, and is subsiding as last year's large rises drop out of the calculation.