CPI inflation cools slightly in the US
Headline and core inflation reach relative lows in May
Year-on-year consumer price index (CPI) inflation in the US fell to 4% in May, the Bureau of Labor Statistics (BLS) said on June 13. It represents the lowest reading since mid-2021.
April’s figure was 4.9%, at the time the smallest 12-month increase since April 2021.
The figure may give some comfort to policy-makers. The Federal Reserve announces its next monetary policy action later today (June 14). Cooling inflation may support a decision mooted by some Fed officials to “skip” a rate
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