After reporting decreases in consumer prices in each of the two previous months, the Labor Department released a report on Tuesday showing a modest increase in prices in the month of May.
The Labor Department said its consumer price index inched up by 0.1 percent in May after falling by 0.4 percent in April and dipping 0.2 percent in March. Economists had been expecting the index to edge up by 0.2 percent.
The core consumer price index, which excludes food and energy costs, rose by 0.2 percent in May after rising by 0.1 percent in each of the two previous months. The modest increase matched expectations.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.