The Consumer Price Index increased 3.3% year over year in May, which is less than the 3.4% increase in April.
The year-over-year percent change in the Consumer Price Index in May came in just below the forecast and so did the percent change in core CPI.
A news release on Wednesday from the Bureau of Labor Statistics noted the CPI increased 3.3% from May 2023 to this past May. The forecast noted on Investing.com was 3.4%, which would have been the same year-over-year rise as in April.
The CPI was unchanged from April to May. The forecast was an increase of 0.1% following the 0.
