WASHINGTON: U.S. consumer prices increased marginally in May amid cheaper gasoline, but inflation is expected to accelerate in the coming months on the back of the Trump administration's import tariffs.
The Consumer Price Index (CPI) increased 0.1% last month after rising 0.2% in April, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday. In the 12 months through May, the CPI advanced 2.4% after gaining 2.3% in April.
