06/14/2025
Economic Update | Week Ending June 14, 2025
Inflation remained cooler in May – The Consumer Price Index (CPI) inched up from an annual rate of 2.3%, its lowest reading since early 2021, to 2.4% in May. That year-over-year increase matched its lowest level this year and its lowest level in four years, with the exception of April’s reading. Core CPI, which excludes volatile costs like food and energy, was up 2.8% year-over-year, matching April’s 4-year low. Economists surveyed expected a 2.5% increase in Headline CPI and a 2.9% increase in Core CPI, so this report beat expectations. So far tariffs have not caused inflation to rise in April and May; however, economists still fear that tariffs will drive up future inflation.
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Inflation remained cooler in May – The Consumer Price Index (CPI) inched up from an annual rate of 2.3%, its lowest reading since early 2021, to 2.4% in May. That year-over-year increase matched its lowest level this year and its lowest level in four years, with the exception of April’s reading....