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Inflation Slows Again, CPI Shows, and Might Keep Fed on Sidelines
Increase in core CPI in past year slips to 5.3%. Consumer prices rose a scant 0.1% in May, kept in check by cheaper oil. Inflation more broadly showed little sign of rapid deceleration, however.
The yearly rate of inflation slowed to 4% from 4.9%, marking the lowest level since March2021. Grocery and gas prices have been on the wane af...
Inflation Slows Again, CPI Shows, and Might Keep Fed on Sidelines
Increase in core CPI in past year slips to 5.3%. Consumer prices rose a scant 0.1% in May, kept in check by cheaper oil. Inflation more broadly showed little sign of rapid deceleration, however.
The yearly rate of inflation slowed to 4% from 4.9%, marking the lowest level since March2021. Grocery and gas prices have been on the wane af...
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