Inflation Up in May, Rent and Food Still Rising

U.S. Inflation Slows in May as Energy Prices Fall, but Food and Rent Costs Stay High

The pace of inflation in the United States slowed in May, providing a modest sign of relief for policymakers and consumers. But even as overall prices eased, costs for food and housing — two of the most essential household expenses — continued to climb, highlighting the uneven nature of the recovery from the most volatile […] The post U.S. Inflation Slows in May as Energy Prices Fall, but Food and Rent Costs Stay High appeared first on CCE l ONL…

Inflation Up in May, Rent and Food Still Rising

(AURN News) — Inflation barely moved in May — but for millions of Americans, the essentials are still getting harder to afford. The Consumer Price Index rose just 0.1 percent last month, the U.S. Bureau of Labor Statistics reported Wednesday. And a closer look reveals that key necessities like rent, groceries, and medical care are still rising at a pace that keeps working families under pressure. Shelter costs, which make up a third of the overa…

Inflation Keeps Falling, But Shelter Inflation At 3.86% YoY (Core Inflation Declines To 2.787% YoY)

Gimme (affordable) shelter! May Rent inflation 3.81% YoY, down from 3.98% in April, lowest since Jan 2022. May Shelter inflation 3.86% YoY, down from 3.99% in April, lowest since Nov 2021 In general, CPI increased 0.1% MoM after rising 0.2 percent in April; Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for all items less food and energy rose 0.1% in May, following a 0.2% increase in Apri…