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Inflation declines to 4% in May, lowest since March 2021

By Zach Halaschak
Published June 13, 2023 12:32pm ET
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Inflation declines to 4% in May, lowest since March 2021
Annual inflation slowed to a 4% rate in May, the Bureau of Labor Statistics reported Tuesday, down from 4.9% the month before. Tuesday’s report marks 11 straight months of declines in annual inflation after the rate peaked at a whopping 9.1% in June of last year. The sharp drop in headline inflation is a positive […]

Annual inflation slowed to a 4% rate in May, the Bureau of Labor Statistics reported Tuesday, down from 4.9% the month before.

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Federal Reserve Inflation Prices Recession