May’s positive inflation report doesn’t tell the whole story

Published June 12, 2024 2:35pm ET



The consumer price index report for the month of May was broadly positive, with prices remaining flat and the annual inflation rate ticking down by a tenth of a percentage.

The data released by the Bureau of Labor Statistics on Wednesday are welcome news to both consumers and President Joe Biden. You’ll be hearing about this report constantly for the foreseeable future. 

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