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The month-over-month change in the CPI was slightly cooler in May than in April. Prices rose 0.5% in May from the month before, slowing slightly from 0.6% in April and 0.9% in March. The May change matched analysts’ expectations.
The energy index accounted for over 60% of the increase in the consumer-price index from the previous month, according to the Labor Department.
Meantime core prices rose 0.2%, cooler than 0.4% in April and less than the 0.3% that economists had expected. Economists see core prices as a better predictor of future inflation.
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