đ CPI Data Released yesterday âŒïž
On June 12, 2024, the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) data for May 2024.
The CPI for All Urban Consumers (CPI-U) was unchanged on a seasonally adjusted basis, following a 0.3% increase in April. Over the past 12 months, the all items index increased by 3.3%.
The shelter index rose by 0.4%, marking the fourth consecutive monthly increase, and was a major factor offsetting the decline in gasoline prices, which fell by 3.6%. The food index saw a modest increase of 0.1%, with food away from home rising by 0.4%, while the food at home index remained unchanged.
The energy index fell by 2.0% in May, driven by the significant drop in gasoline prices. Conversely, the index for all items less food and energy saw a 0.2% increase, continuing the trend from the previous month. Notable increases were observed in medical care, used cars and trucks, and education, while airline fares and new vehicles saw declines.
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