U.S. inflation rose 0.2% in May – a lower number than expected

Summary

  • The May number came in below the consensus estimate of 0.3%, but core inflation rose to 2.2% for the last 12 months.
  • Increases in energy and shelter prices were offset by declines in food, apparel, and used cars.
  • Non-seasonally adjusted inflation was up 0.41%, continuing a string of strong increases.

I posted an analysis on what this means for TIPS and I Bonds on SeekingAlpha.com, read that here.

I also updated my Tracking Inflation and I Bonds page with the new numbers.

Also, if you’re interested, you can view the new TIPS inflation indexes for July, which are posted here.

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