Headline inflation rose 3.3%. At the same time, core CPI, which excludes volatile food and energy prices, rose 0.2%, also below expectations; according to consensus forecasts, economists are expecting a 0.3% increase.
The report said annual core inflation rose 3.4%. While inflation remained above the Federal Reserve's 2% target, it fell from last month's 3.6% annual increase. Economists had expected an unchanged result...
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
The report said annual core inflation rose 3.4%. While inflation remained above the Federal Reserve's 2% target, it fell from last month's 3.6% annual increase. Economists had expected an unchanged result...
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
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BUY gold 2312TP1: 2319
TP2: 2325
SL: 2304
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