May CPI Preview: Inflation Remains Hot as Energy Costs Spill Over
TL;DR Summary
The May consumer price index is due Wednesday at 8:30 a.m. ET, with consensus calling for a 4.2% annual inflation rate and a 0.5% monthly gain, the first CPI above 4% since May 2023. Core inflation is expected to be 2.9% year over year and 0.3% monthly. The report signals broader inflation pressures as energy prices rise and supply disruptions persist, with implications for markets and policy.
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- Inflation in May likely topped 4% for the first time in 3 years, economists say CBS News
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