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US consumer prices edged up 0.1% in May

US consumer prices edged up 0.1% in May

US consumer prices barely rose in May, pointing to moderate inflation. The consumer price index edged up 0.1 per cent last month as a rebound in the cost of food was offset by cheaper gasoline, the government said. The CPI gained 0.3 per cent in April.

Timothy
Timothy
SûmFigöt
SûmFigöt 1 year

It’s like inflation is a good thing and bumping it up to the “2% target” will improve the economy. All it is: theft of your money’s buying power.

Andrew 1010
Andrew 1010 1 year

Pretty minor bump. Seems very insignificant.

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