CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
www.wsj.com CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.
Inflation was 0.1% month-over-month and is up 4.0% year-over-year.
Core inflation is a bit higher at 0.4% month-over-month and 5.3% year-over-year.
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