Cpi Index May 2024 Usa. The release boosted the likelihood of fed policymakers projecting two rate cuts for 2024 when they release their updated forecasts later. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago.
Helping to slow inflation in may were falling gas prices, which dropped 3.6% from april. The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform fed officials as they set out a future path for interest rates.