US CPI stagnated in May: inflation eased

June 12, 2024 Tóth Balázs
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The Consumer Price Index showed no increase in May, indicating that inflation eased slightly in the U.S. economy, the Labor Department reported Wednesday. The CPI, an overall inflation index that measures the change in the price of a basket of goods and services in the US economy, remained unchanged during the month, although it rose 3.3% from a year earlier, the department’s Bureau of Labor Statistics said. Economists surveyed by Dow Jones expected a 0.1% monthly increase and a 3.4% annual increase.
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