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Inflation grew at 4% rate in May, its slowest pace in two years

Por: CBS News Politics June 13, 2023

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Inflation in May cooled to its slowest pace in two years, indicating price increases are easing amid the Federal Reserve's . The Consumer Price Index grew at an annual rate of 4%, the Labor Department on Tuesday — the smallest increase since March 2021 and below the 4.2% annual increase economists had expected. Core inflation, which strips out volatile food and energy prices, rose 5.3%, dipping from its annual rate of 5.6% so far this... + full article



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