Finally a pleasant surprise. Core CPI was 0.16% in May (2.0% annual rate). Headline was 0.01%. These are the best monthly readings since 8/21 & 7/22 respectively. Good news but caution: just 1 print & some fluky items. Core annual rate for 1/3/6/12 months: 2.0/3.3/3.7/3.4 pic.twitter.com/uFgX5XFYwz

CPI inflation came in softer than expected in May. The headline CPI index was unchanged and the core index was up 0.2%, both 0.1 ppt lower than expectations. 1/ pic.twitter.com/Awyc5taDF9

The best data point in the May CPI report? Lower food price inflation. Food at Home (groceries): +1.0% YoY, tied for lowest reading since June 2021. Food away from Home (restaurants): +3.4% YoY, lowest reading since July 2020. creativeplanning.com/charlie/ pic.twitter.com/4n1nPIUzp4

Core CPI was well below expectations in May, posting a 0.16% gain. The 3.4% increase from a year earlier was the lowest in three years. 6-month annualized rate: 3.8% (vs. 4.1% in April) 3-month annualized rate: 3.3% (vs. 4.1%) pic.twitter.com/w3S5c7x8wZ