US: Annual core-CPI rises to 2.2% in May to match market estimates

Eren Sengezer FXStreet

"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis after rising 0.2 percent in April," the US Bureau of Labor Statistics said on Tuesday. Below are some key takeaways from the official press release.

Over the last 12 months, the all items index rose 2.8 percent before seasonal adjustment.
The index for all items less food and energy rose 0.2 percent in May.
The index for all items less food and energy rose 2.2 percent for the 12 months ending May.
The indexes for gasoline and shelter were the largest factors in the seasonally adjusted increase in the all items index, as they were in April.
The gasoline index increased 1.7 percent, more than offsetting declines in some of the other energy component indexes and led to a 0.9-percent rise in the energy index.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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