Inflation News For May 2024 Usa

Inflation News For May 2024 Usa. The core personal consumption expenditures price index was expected to increase 0.1% in may and 2.6% from a year ago. The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform fed officials as they set out a future path for interest rates.

“annual core inflation is at its lowest level since march 2021, and overall inflation is down 60 percent from its peak,” lael brainard, the national economic adviser, said in a. They have expected it to cool meaningfully, but so.