US Inflation Remains Muted in May Despite Tariffs
TL;DR Summary
Inflation in May slowed to 0.1% monthly, with a 2.4% year-over-year increase, despite concerns that tariffs would boost prices; some categories like apparel and cars saw price declines, and recent trade deal developments may influence future inflation trends.
- Inflation slowed in May despite tariffs, Consumer Price Index shows Axios
- CPI Shows U.S. Inflation Remains Muted as Tariff Impact Is Limited The New York Times
- Inflation rose less than expected last month despite Trump’s tariffs CNN
- Here Are the Key Takeaways From the US CPI Report for May Bloomberg
- Inflation report suggests damage from Trump's tariffs isn't guaranteed Axios
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