Last month, the annual price pressure in America fell somewhat, when it was expected that this indicator would not change, in addition, the annual core inflation also fell more.
In May, compared to April, the annual inflation in this country slowed down from 3.4 to 3.3 percent, and at the same time it decreased for the second month in a row. This is the lowest level in the last three months.
The basic indicator, that is, excluding changes in energy resources and food prices, adjusted from 3.6 to 3.4 percent during the mentioned period, when it was predicted that it would fall less, that is, to an average of 3.5 percent. This is the lowest annual core inflation since April 2021.
In the fifth month of this year, the consumer price index in America was unchanged, and was expected to grow by an average of 0.1 percent, after rising 0.3 percent in April. The benchmark rose 0.2 percent, compared with forecasts for a 0.3 percent rise, the same as a month earlier.
Food (up 2.1 percent from 2.2 percent in April), housing rent (up from 5.5 to 5.4 percent), transportation services (up from 11.2 to 10.5 percent), and clothing (up from 1.3 to 0.8 percent) annual price growth decreased, and new vehicle prices fell even more, from 0.4 to 0.8 percent, and used cars and trucks – from 6.9 to 9.3 percent.
On the other hand, energy consumption increased more during the year, from 2.6 to 3.7 percent, due to higher prices of gasoline (from 1.1 to 2.2 percent), utility gas (up 0.2 percent during the year, while 1.9 percent annual drop was recorded in April) and fuel oil (3.6 percent, while the month before there was still a 0.8 percent annual drop).
During the third spring month of this year, house rental prices in America rose by 0.4 percent, but on the other hand, energy resources became cheaper by as much as two percent, and food became more expensive by only 0.1 percent.
