U.S. Inflation Rises Faster Than Expected in May

U.S. Inflation Rises Faster Than Expected in May

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  1. Year to year is high (5%) because inflation was at all time low last year. Bit higher than expected of 4.7%.

    The month to month rate has actually decreased (0.6%).

    This appears to still be in control for now.

  2. tldr; The U.S. Consumer Price Index jumped by 5% in the 12 months through May, marking the largest yearly increase since August 2008, exceeding the 4.7% increase expected by economists. Core CPI, which excludes food and energy prices, came in at 3.8% year-over-year, also higher than economists’ expectations of 3.5%. The inflation figures show an economy that’s working through supply constraints while trying to meet increasing demand.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*



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