Summary:
May U.S. CPI fell short of expectations, impacted by lower gasoline prices. Higher tariffs will boost inflation, with rising rents and food prices.
US CPI Jun
15/7/2025 (Tue)
Previous: 2.4% Forecast: 2.7%
US consumer prices increased less than expected in May due to cheaper gasoline, but inflation is expected to accelerate in the coming months on the back of the higher tariffs.
The cost of shelter, mostly rents, was the main driver of the rise in the increase. Fruit and vegetable prices also rose, but consumers got some relief from a 2.7% decline in the cost of eggs.
Economists say an uncertain demand environment was likely making some businesses hesitant to raise prices. They expect inflation to heat up starting in June and through the second half of the year.
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