US consumer inflation ticked up in May, in line with analyst expectations, government data showed Wednesday as President Donald Trump's sweeping tariffs
U.S consumer prices barely rose at all in May, the fourth straight month of mild inflation and a sign that the Trump administration's tariffs have not | Economy
“Meaningfully larger increases are likely in coming months” to inflation as tariffs take hold, said the top U.S. economist at the nation’s largest bank.
US inflation rose in line with forecasts in May, although so-called "core inflation" came in lower than expected as the effects of President Trump's tariffs still have yet to significantly boost consumer prices.
The data showed that Trump's tariffs haven't yet pushed overall prices higher, suggesting many companies may be absorbing the cost of the higher duties for now.
By Alicia Wallace, CNN (CNN) — Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread. Consumer prices rose 0.1% last month, while the annual inflation rate increased to 2.4% from a four-year-low of 2.
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U.S. inflation rises 0.1% in May from prior month, less than expected | Since Then
