Friday July 3, 2020

US consumer prices increased less than forecast in May

The cost of living in the US rose less than forecast in May, restrained by the first drop in food prices in almost four years and signaling inflation remains under control.

18th June, 2013
Restrained wage gains in the US has made it difficult for companies to raise prices.

The cost of living in the US rose less than forecast in May, restrained by the first drop in food prices in almost four years and signaling inflation remains under control.

The consumer price index was up 0.1 per cent after falling 0.4 per cent in April, the Labor Department reported today in Washington. The median forecast of 82 economists surveyed by Bloomberg News called for an increase of 0.2 per cent. The core index,...

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