The consumer price index increased 0.1% for the month of May, lower than economists' predictions, with the annual rate reaching 2.4%.

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month

Consumer prices rose 2.4% over the year, and the month-over-month increase was lower than expected.

The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.

Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.

Here are the key points to know ahead of this morning's consumer-price index for May: Year-over-year inflation is expected to pick up slightly from April to 2.4%, according to the consensus estimate.

The inflation report came out today. Here’s what went up and what went down in prices. Copyright 2025 The Associated Press. All Rights Reserved.

PFIX can act as an interest rate hedge as inflationary expectations rise. Read more on why I am recommending PFIX with a Hold rating.

India's retail inflation stayed below the central bank's 4% target for the fourth straight month in May on easing food prices, reinforcing the case for last week's surprise steep interest rate cut. Annual retail inflation slowed to 2.

Inflation expectations are elevated, but the sharp drop in May shows consumers, like investors, starting to some improvements in their outlooks.