Here's the Breakdown for US May CPI, in One Chart
In May 2024, the US annual inflation rate unexpectedly dipped to a three-month low of 3.3%, defying predictions that it would remain steady at April's rate of 3.4%.
Inflation eased for food (2.1% vs 2.2%), shelter (5.4% vs 5.5%), transportation (10.5% vs 11.2%) and apparel (0.8% vs 1.3%) and prices continued to decline for new vehicles (-0.8% vs -0.4%) and used cars and trucks (-9.3% vs -6.9%). On the other hand, energy costs rose more (3.7% vs 2.6%).
Compared to the previous month, the CPI was unchanged, the least since July 2022, compared to forecasts of a 0.1% increase and after a 0.3% rise in April. This stagnation was a result of lower gasoline prices balancing out increased shelter costs.
The core inflation rate, which excludes volatile food and energy prices, also experienced a slowdown to an annual rate of 3.4%, the lowest since April 2021 and under the predicted 3.5%. The monthly core CPI increase eased as well, dropping to 0.2% from the previous rate of 0.3% and outperforming the forecasted 0.3%.
Source: BLS
By Moomoo North America Team Calvin
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Brianjh :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Robert Thomas Mckenz : Would like to see more deflation.
tangobravoromeo : WE ALL KNOW THESE FUDGED NUMBERS ARE DOUSED IN
— THE ECONOMY IS IN TROUBLE
RDK79 : Finally, some good data that results in good headline news![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
72791323 tangobravoromeo : This is Bidenomics Fudging the numbers and then going back in a few days and updating them with little to no media coverage Inflation will not improve until our president and his party stop printing money to give away to other countries and illegal immigrants These “improved” numbers now are fudged cuz he is getting destroyed in the polls If they cared about the negative effects of their spending and subsequent inflation on hard working Americans they would be focusing on us and not other countries
一株冲天 : manipulated numbers
Jesse Smolak 72791323 : ob. cv
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