US Inflation Hits 2.4% in May, Below Forecast
US inflation in May reached 2.4% annually, and this came in below the 2.5% forecast that economists had been expecting. The rate was also up from April’s 2.3% reading. The Consumer Price Index data showed that inflation May 2025 cooled unexpectedly, with monthly growth of just 0.1% versus the 0.3% prediction that analysts had made. Core inflation held steady at 2.8% annually, and this was also below the anticipated 2.9% forecast. This softer reading has eased some market volatility concerns and reduced regulatory uncertainty, though high transaction fees continue to pressure consumers and businesses right now. Source: CBS News, Year-Over-Year Inflation Also Read: US Tariffs to Drag Euro-Area Inflation to 1.7%, EU Forecast Reveals How US Inflation in May 2025 Affects Market Volatility & Regulations Source: Watcher.Guru Energy Prices Drive US Inflation in May Decline The surprising US inflation in May deflation was led by gasoline prices, which fell 12% on a year over year basis. Cl...