May inflation report shows price growth held steady despite Trump's volatile trade war

Inflation broadly held steady in May — and by some measures cooled unexpectedly — as price growth data so far showed few signs of President Donald Trump’s tariffs hitting the consumer economy

Inflation broadly held steady in May — and by some measures cooled unexpectedly — as price growth data so far showed few signs of President Donald Trump’s tariffs hitting the consumer economy.

The Consumer Price Index, which measures costs of business and services, rose to 2.4% in May from the same month a year ago, the Bureau of Labor Statistics reported Wednesday, up slightly from an annual rate of 2.3% in April. On a monthly basis, prices inched up just 0.1%, less than the 0.2% notched in April and below economists' forecasts of 0.3%.

The closely watched measure of "core" inflation, which strips out food and energy prices that tend to change more, also climbed by a slower 0.1% after rising 0.2% in April. Core inflation remained unchanged on an annual basis at 2.8%.

Surprise price declines in apparel, cars and furniture — categories seen as highly vulnerable to tariffs due to their heavy reliance on foreign suppliers — helped lead the index lower.

Some analysts cautioned that it remains too early to see broad-based evidence of tariffs driving up what consumers pay.

https://www.nbcnews.com/business/economy/may-inflation-2025-tariffs-trump-eat-rcna211826


Post ID: bd510ca6-195a-465b-8143-26ed8b0009b8
Rating: 5
Updated: 2 weeks ago
Your ad can be here
Create Post

Similar classified ads


News's other ads