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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