The core CPI, which excludes the volatile costs of food and fuel, fell 0.1% in May after a 0.4% decline in April. Consumer inflation rose 1.2% on the year in May, the smallest year-over-year increase since 2011, after gaining 1.4% in April.
US CPI will continue to be closely watched as slumping prices could lead to deflation as the US economy reopens from the coronavirus pandemic. Still, as consumers have been stuck at home and thus shifted spending habits away from things such as air travel and clothing, it's potentially made the measure less representative of prices.
Groceries are the only category increasing as CPI falls three consecutive months for the first time via csreinicke economy
Deflation
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Net City, Tencent's 320-acre futuristic neighborhood in China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Source: BusinessInsider - 🏆 729. / 51 Read more »
Consumers grew more optimistic about jobs and finances in May, New York Fed says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell me about it 😅 Sure they did. A lie that nobody can prove or disprove without actually asking millions of people. But I'm sure there statistical model are accurate. Accurate to produce the narrative they want that is.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Restaurants may be forced to increase menu prices amid pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Protesters ripped down the sculpture of 17th century politician EdwardColston and dumped it in the harbour yesterday as thousands across Britain demonstrated the death of GeorgeFloydProtests in America Customer’s choice to dine there?
Source: BusinessInsider - 🏆 729. / 51 Read more »
US officially fell into a recession in February, according to NBER - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. herdbehaviour It was New Year’s EVE 12/31/19, many citizens were lined up being seen in Wuhan China 🇨🇳 for a “mysterious pneumonia” type illness... CBS 60 minutes/ Dr. Bright Stop spreading lies please. Investors deserve better.
Source: BusinessInsider - 🏆 729. / 51 Read more »