US CPI And TIPS: Goods Hold Back Core Inflation In May

May CPI data revealed headline inflation of 0.47% m/m, while core inflation was tempered by the first decline in core goods prices in a year. Conversely, services inflation remains firm, sustaining caution regarding the overall inflationary environment.

Key Takeaways

• 1.Headline CPI rose 0.47% m/m in May driven by energy prices, while core CPI rose a more moderate 0.21% m/m.
• 2.Core goods prices fell 0.1% for the first time in a year, signaling potential moderation in inflation for these sectors.
• 3.Core services inflation remains firm at 0.29% m/m, with rent and OER rising faster than earlier in the year.

Table of Contents

• Economics
• TIPS
• Analyst Certification
• Important Disclosures
• History of Investment Recommendations
• Other Disclosures

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial