U.S. Markets closed

Why May’s Inflation Was Just Hot Enough

Ricky Cove
Why May’s Inflation Was Just Hot Enough

On June 12, the US Bureau of Labor Statistics reported that US consumer prices rose 0.2% in May, adding to the 0.2% increase seen in April. Consumer prices continued to move higher, and have now exceeded the Fed’s 2% target. Core inflation (VTIP), which excludes volatile food and energy prices, rose 0.2%, taking core inflation growth over the last 12 months to 2.2%.