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