US inflation down from 3.4% to 3.3% in May - Breaking The News

US inflation down from 3.4% to 3.3% in May

12 June

1 min read

EPA-EFE/ADAM DAVIS

Annual inflation in the United States stood at 3.3% in May, compared to 3.4% in April, according to a report by the Bureau of Labor Statistics on Wednesday, exceeding expectations. The consumer price index (CPI) was unchanged on a monthly basis. The price of shelter grew 0.4% from April, food was up 0.1%, while energy fell by 2%.

The core inflation or the CPI without food and energy was at 3.4% year-on-year, compared to 3.6% in April. Month-on-month, core inflation was at 0.2%.

data cpi

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