The Consumer Price Index (CPI) rose 4% for the year ending in May, the lowest annual inflation rate since March 2021, according to the Bureau of Labor Statistics. See potential biases and similarities in reports from nbcnews, cnbc and foxbusiness:
The Consumer Price Index rose 4% for the year ending in May, the lowest annual inflation rate since March 2021,; economists were expecting a 0.2% jump. Core inflation, which excludes volatile food and energy prices, rose 0.4% monthly and 5.3% annually. Used cars and trucks posted a 4.
4% monthly price increase in May, the largest of all items in the CPI. Gasoline prices fell 5.6% from April to May, and were down 19.7% annually. Shelter and food prices both ticked up slightly from April to May, and were up 8% and 6.7% from a year ago, respectively.How the Media Covered It:
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