US Inflation Accelerates in May, While Core CPI Softens

Bloomberg Markets

US Inflation Accelerates in May, While Core CPI Softens

US inflation accelerated in May with the Iran war pushing up energy prices, as the consumer price index climbed 4.2% from a year earlier, the most since early 2023. The core CPI, which excludes food and energy, increased 0.2% from April and 2.9% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)

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