US Inflation Calculator Update
U.S. consumer prices inched slightly higher in May and less than expected according to a new report released by the government on Wednesday. The same report revealed year-over-year inflation has fallen at the fastest rate since April 1950.
The Bureau of Labor Statistics Consumer Price Index (CPI) data has the annual US inflation rate at -1.3% compared to April’s 0.7% decline. Cheaper energy over the past year is largely responsible.
On a monthly basis, consumer prices inched 0.1% higher in May despite higher gasoline prices. Helping to offset energy prices were lower food prices. These two indicators were reversed in April.
The Inflation Calculator is updated with the newest government information, as are the following inflation rate and data pages:
Consumer Price Index from 1913-2009
Historical Inflation Rates: 1914-2009
Annual Averages for Rate of Inflation
For an in depth look at May consumer prices, read Inflation drops 1.3% in year; most in six decades.
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