CPI Data Updates!

Key Points:

Overall Change: CPI for May 2024 remained unchanged compared to April 2024.

Annual Increase: Over the last 12 months, CPI increased by 3.3%.

Food Prices: Increased by 0.1% in May; food away from home increased by 0.4%.

Energy Prices: Decreased by 2.0% in May, with gasoline prices down by 3.6%.

Shelter Costs: Increased by 0.4% for the fourth consecutive month.

Medical Care: Increased by 0.5% in May.

Used Cars and Trucks: Prices rose by 0.6% in May.

Airline Fares: Decreased by 3.6% in May.

Overall Impact: Smaller increase in CPI suggests less inflation

pressure, potentially impacting global markets by stabilizing prices and influencing central bank policies.

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