Here’s the inflation breakdown for May 2025 — in one chart

Here’s the inflation breakdown for May 2025 — in one chart


Key Points
  • The consumer price index rose 2.4% on an annual basis in May 2025, up from 2.3% in April, according to the Bureau of Labor Statistics.
  • Inflation trends are largely encouraging under the surface, and roughly back to the Federal Reserve’s target level, economists said.
  • However, President Trump’s tariff policy is likely to cause a reacceleration of inflation in coming months, economists said.



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