( ) -q-20- UNDATED (Correspondent Jeremy House) “and other items.” Consumer prices in the United States cooled last month, rising just 0.1% from April to May. [CutID: <Cuts> CONSUMER-PRICES-house-q-TUEam_5.mp3 Time: 20s Title: CONSUMER-PRICES-house-q-TUEam_5 Out-cue: and other items] TAG: Correspondent Jeremy House reporting. The drop-off in overall inflation isn’t likely to convince the Federal Reserve’s policymakers […]
Audio
Consumer price growth slowed in May, but underlying inflation stayed high
( ) -q-20- UNDATED (Correspondent Jeremy House) “and other items.”
Consumer prices in the United States cooled last month, rising just 0.1% from April to May.
[CutID: <Cuts> CONSUMER-PRICES-house-q-TUEam_5.mp3
Time: 20s
Title: CONSUMER-PRICES-house-q-TUEam_5
Out-cue: and other items]
TAG: Correspondent Jeremy House reporting. The drop-off in overall inflation isn’t likely to convince the Federal Reserve’s policymakers that they’re close to curbing the high inflation that has gripped the nation for two years.
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VERBATIM: Despite the slowdown, some measures of underlying price pressures remained high. Measured year over year, inflation slowed to just 4% in May, well below April’s 4.9% annual rise. The pullback was driven by tumbling gas prices, smaller increases in grocery prices, and other items.