US CPI rose 4% year-on-year in May, lower than market expectations
On June 13, the US Department of Labor released data showing that the US CPI rose by 4% year-on-year in May, falling for the 11th consecutive time, hitting a new low since March 2021, with an estimated 4.1% and a previous value of 4.9%. In May, the CPI rose by 0.1% month-on-month, with an estimated 0.1% and a previous value of 0.4%.
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