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- The Consumer Price Index, an inflation measure, increased 3.3% year over year in May.
- That's just below the 3.4% rate in April and the forecast.
- The CPI was unexpectedly unchanged from April to May.
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.