by Calculated Risk on 6/11/2025 08:30:00 AM
From the BLS:
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent on a seasonally adjusted basis in
May, after rising 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,
the all items index increased 2.4 percent before seasonal adjustment.The index for shelter rose 0.3 percent in May and was the primary factor in the all items monthly increase. The
food index increased 0.3 percent as both of its major components, the index for food at home and the index for food
away from home also rose 0.3 percent in May. In contrast, the energy index declined 1.0 percent in May as the
gasoline index fell over the month.The index for all items less food and energy rose 0.1 percent in May, following a 0.2-percent increase in April.
Indexes that increased over the month include medical care, motor vehicle insurance, household furnishings and
operations, personal care, and education. The indexes for airline fares, used cars and trucks, new vehicles, and
apparel were among the major indexes that decreased in May.The all items index rose 2.4 percent for the 12 months ending May, after rising 2.3 percent over the 12 months
ending April. The all items less food and energy index rose 2.8 percent over the last 12 months. The energy index
decreased 3.5 percent for the 12 months ending May. The food index increased 2.9 percent over the last year.
emphasis added
The change in CPI was slightly below expectations. I’ll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.
