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Inflation Slows Slightly, but Cost of Some Goods, Services Climbs

Posted on AllSides June 12th, 2024
From The Right

The U.S. Bureau of Labor Statistics released its Consumer Price Index, which showed that overall consumer prices paused in the month of May after rising 0.3 percent in April. “Finally a pleasant surprise,” Jason Furman, a Harvard economist and former White House economic advisor during the Obama Administration, wrote on X, formerly known as Twitter. “Core CPI was 0.16 percent in May (2.0 percent annual rate). Headline was 0.01 percent. These are the best monthly readings since 8/21 & 7/22 respectively. Good news but caution: just 1 print & some...

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