The markets were anxiously awaiting the US inflation figures for the month of May…
(Boursier.com) — The markets were anxiously awaiting US inflation figures for the month of May. Unfortunately, the news is bad, as the consumer price index climbed 1% compared to the previous month against 0.7% of FactSet consensus, bringing US inflation to 8.6% over one year against 8 .2% consensus and 8.3% in April. Excluding food and energy, the consumer price index rose 0.6% compared to the previous month, against 0.5% consensus. The increase excluding food and energy over one year reached 6%, against 5.9% consensus and 6.2% a month earlier.
Thus, US inflation in May, at 8.6%, reached its highest level since 1981, dampening recent hopes of a peak.
©2022 Boursier.com