US Inflation Accelerates in May, While Core CPI Softens
US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4.2% from a year earlier, the
US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4.2% from a year earlier, the most since early 2023. The core CPI, which excludes food and energy, increased 0.2% from April and 2.9% from a year earlier.
Michael McKee breaks down the numbers on Bloomberg Television. More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss
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