According to the latest Bureau of Labor Statistics inflation report, inflation rose in May, reaching its highest level in 4 years, driven by higher energy prices.
The BLS reported that the consumer price index increased by 0.5% seasonally adjusted for the month, resulting in an annual inflation rate of 4.2%.
Wednesday’s report showed that much of the inflation surge was caused by a 3.9% rise in energy prices, boosting the 12-month total to 23.5%. Core commodity prices actually fell by 0.1% for the month, indicating subdued tariff pressures.
Food increased by just 0.2%, while housing rose 0.3%, climbing 3.4% over the year.
Stock market futures stayed negative, and Treasury yields remained unchanged after the CPI report.
By CEO NA Editorial Staff
