Inflation In May Ticks Up Slightly But Maintains An Annual Rate of 4% - Twice Fed Target
In May, while inflation ticked up .1% the annual rate of consumer price inflation maintained a 4.0% according to the US Bureau of Labor Statistics.
For another month, housing was the leading cost increase within the consumer price index at an annual rate of increase of 8.0%.
“The index for shelter was the largest contributor to the monthly all items increase, followed by
an increase in the index for used cars and trucks.”
Americans continue to navigate a housing market that is increasing at a rate of 8.0% with many western state markets increasing faster.
We will continue to track this very important story so continue to check back.
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