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US Inflation Steady at 2.4% Amid Tariff Worries

6/11/2025

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Summary

Story summary

U.S. consumer prices increased by 0.1% in May, resulting in an annual inflation rate of 2.4%.
Lower gasoline prices and steady housing costs helped keep inflation subdued, despite tariff concerns.
Core CPI rose by 2.8%, while energy prices decreased by 1%.
Economists forecast potential inflation increases later this year due to tariffs.
The Federal Reserve is likely to keep interest rates unchanged in June.

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Story summary

U.S. consumer prices increased by 0.1% in May, resulting in an annual inflation rate of 2.4%.
Lower gasoline prices and steady housing costs helped keep inflation subdued, despite tariff concerns.
Core CPI rose by 2.8%, while energy prices decreased by 1%.
Economists forecast potential inflation increases later this year due to tariffs.
The Federal Reserve is likely to keep interest rates unchanged in June.