2025-06-11
US CPI May
11/6/2025 (Wed)
Previous: 2.3% Forecast: 2.5%
Inflation was slightly lower than expected in April as Trump's tariffs just began hitting the slowing US economy, according to a Labor Department report Tuesday, though shelter prices were still sticky.
The reading hit its lowest since February 2021. While it was tame, US tariffs are a wild card in the picture, depending on where negotiations go between the Trump administration and major trade partners.
Economists suspect that even with the easing of the 145% reciprocal tariffs against China, inflation numbers could perk up again in the summer months.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
