US Inflation May Have Eased in May, but Underlying Price Measures Likely Remained High

US Inflation May Have Eased in May, but Underlying Price Measures Likely Remained High https://ift.tt/xD3nh5Y Consumer price increases in the United States likely slowed sharply last month, extending a steady easing of inflation over the past year. But a gauge of underlying prices may still reflect persistent inflation pressures. Prices are forecast to have risen 4.2% in May from a year earlier, well below the 4.9% year-over-year increase in April. And measured from April to May, prices are expected to have increased only 0.1%, compared with the previous month’s 0.4% increase. Yet any slowdown in inflation is unlikely to convince the Federal Reserve’s policymakers that they’re close to curbing the high inflation that has gripped the nation for two years.