The Consumer Price Index increased 0.1% in May on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. Over the last 12 months, the all-items index rose 1.9%.
Prices for all items less food and energy, the “core CPI,” increased 0.1% in May, the same as in April. The index rose 1.7% for the 12 months ending in May.
The food index increased 0.2%, its fifth consecutive increase. Prices for food at home rose 0.1%, while prices for food away from home increased 0.2%. Over the past 12 months, food prices are up 0.9%.
The energy index decreased 2.7% in May, led by the gasoline index falling 6.4%.
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