In May, the consumer price index (CPI) increased 0.1%, falling short of economists' expectations of 0.2%, projecting an annual inflation rate of 2.4%. This modest rise is attributed to a 1% decline in energy prices, balancing out a 0.3% increase in food and shelter costs. Furthermore, core inflation also saw a 0.1% rise, lower than the anticipated 0.3%. Investors reacted positively, reflected by a slight uptick in the Vanguard S&P 500 ETF during early trading. Reports on earnings from companies like Chewy showed positive performance as well.
Despite fears of inflation due to fluctuating tariffs, the consumer price index rose only 0.1% in May, signaling a more stable economic outlook.
The 1% decline in energy prices countered food and shelter cost increases, resulting in an annual inflation rate of 2.4%, which is viewed positively by economists.
Collection
[
|
...
]