CORE Inflation REPORT LIVE - INVESTING - Martyn Lucas Investor

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CORE Inflation REPORT LIVE

US core consumer prices, which exclude volatile items such as food and energy, rose by 0.2% from the previous month in May of 2024, moderating from the 0.3% increase in April, to mark the slowest increase in core consumer prices in seven months. Prices eased for services less energy (0.2% vs 0.4%) as prices fell for transportation services (-0.5% vs 0.9% in April) and refrained from accelerating for shelter (4th consecutive month at 0.4%). In the meantime, costs dropped for apparel (-0.3% vs 1.2%) and fell for the fourth consecutive period for new vehicles (-0.5% vs -0.4%). In the meantime, prices rebounded for used cars (0.6% vs -1.4%). On an annual basis, core inflation was at 3.4%

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