US CPI down in May; weak inflation to endure

10 June 2020

 

Summary:  May US CPI falls a little more than expected; both headline and core figures just under zero for month; fuel prices, car insurance premiums down; food, rents up; weak inflation “an enduring theme”.   The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It then fluctuated in a range...

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