The all items less food and energy index rose 2.8 percent over the last 12 months. The energy index decreased 3.5 percent for the 12 months ending May. The food index increased 2.9 percent over the last year.
Core inflation UNCHANGED from April - which also did not show any increases due to tariffs. When will the 'experts' just admit that they were wrong on tariffs?
US consumer prices rise slightly; tariffs seen boosting inflation
www.reuters.com
... Summary
- - - Consumer price index increases 0.1% in May
- - - Foods prices rise 0.3%; but eggs a bit cheaper
- - - CPI advances 2.4% year-on-year
- - - Core CPI gains 0.1%; increases 2.8% year-on-year ...
U.S. consumer prices increased less than expected in May as cheaper gasoline partially offset higher housing costs, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
The report from the Labor Department on Wednesday also showed underlying price pressures muted last month.
Economists say inflation has been slow to respond to President Donald Trump's sweeping tariffs as most retailers are selling merchandise accumulated before the import duties took effect.
Walmart (WMT.N) last month said it would start raising prices in late May and June. Inflation was also being curbed by slower price rises for rents and declining airline fares. The Federal Reserve is expected to keep interest rates unchanged next week, with financial markets growing more optimistic of a resumption in monetary policy easing in September.
"This report is another indicator that, before tariffs and economic uncertainty, we were well on our way to inflation falling back to target and that the main impediment to future progress is tariff-related price increases," said Daniel Hornung, a senior fellow at MIT. ...
You're either supremely stupid or intentionally dishonest.
#32 | POSTED BY JPW
He's a frigging Liar.
Another view ...
Consumer Price Index Summary
www.bls.gov
... CONSUMER PRICE INDEX - MAY 2025
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent on a seasonally adjusted basis in May, after rising 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment.
The index for shelter rose 0.3 percent in May and was the primary factor in the all items monthly increase. The food index increased 0.3 percent as both of its major components, the index for food at home and the index for food away from home also rose 0.3 percent in May. In contrast, the energy index declined 1.0 percent in May as the gasoline index fell over the month.
The index for all items less food and energy rose 0.1 percent in May, following a 0.2-percent increase in April.
Indexes that increased over the month include medical care, motor vehicle insurance, household furnishings and operations, personal care, and education.
The indexes for airline fares, used cars and trucks, new vehicles, and apparel were among the major indexes that decreased in May.
The all items index rose 2.4 percent for the 12 months ending May, after rising 2.3 percent over the 12 months ending April. The all items less food and energy index rose 2.8 percent over the last 12 months.
The energy index decreased 3.5 percent for the 12 months ending May.
The food index increased 2.9 percent over the last year. ...
Drudge Retort Headlines
US Senator Dragged Out of News Conference (118 comments)
Israel Hits Iran (67 comments)
Stephen Miller Demanded ICE Target Home Depots (53 comments)
Weather Could Impact Trump's Multi-Million Dollar Military Parade Saturday (46 comments)
Noem: Fed is 'liberating' Los Angeles (32 comments)
Video of Woman Wounded in LA (29 comments)
Russia Won't End War Until NATO 'Pulls Out' of Baltics (27 comments)
Mike Huckabee: US No Longer Pursuing Goal of Independent Palestinian State (26 comments)
Marines Authorized to Detain Citizens Protesting in LA (24 comments)
Gabbard Warns of 'nuclear Holocaust' in Social Media Video (21 comments)