A bit lower than the 0.2% month-over-month in the Bloomberg poll and due to rounding, matching the 2.4% expectation.
Keep an eye on food inflation, it seems to be a leading indicator of the direction for the wider price levels down the road.
From the Bureau of Labor Statistics, June 11, 2025:
CONSUMER PRICE INDEX - MAY 2025
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent on a seasonally adjusted basis in May, after rising 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment.
The index for shelter rose 0.3 percent in May and was the primary factor in the all items monthly increase. The food index increased 0.3 percent as both of its major components, the index for food at home and the index for food away from home also rose 0.3 percent in May. In contrast, the energy index declined 1.0 percent in May as the gasoline index fell over the month.
The index for all items less food and energy rose 0.1 percent in May, following a 0.2-percent increase in April.
Indexes that increased over the month include medical care, motor vehicle insurance, household furnishings and operations, personal care, and education. The indexes for airline fares, used cars and trucks, new vehicles, and apparel were among the major indexes that decreased in May.
The all items index rose 2.4 percent for the 12 months ending May, after rising 2.3 percent over the 12 months ending April. The all items less food and energy index rose 2.8 percent over the last 12 months. The energy index decreased 3.5 percent for the 12 months ending May. The food index increased 2.9 percent over the last year....
....MUCH MORE, tables, discussion, data geek heaven.
Here's the PDF version, 37 pages.
