US May CPI Up 4.0% YoY, In Line with Expectations

The U.S. Department of Labor announced on the 13th (local time) that the Consumer Price Index (CPI) rose 4.0% compared to the same month last year.

This matched market expectations. The Dow Jones forecast was 4.0%, and the median forecast from Bloomberg News was 4.1%.

The 4.0% increase is the lowest rate in over two years.

Compared to the previous month, it rose by 0.1%.

[Image source=Reuters Yonhap News]