American inflation seen picking up with some tariff pass-through

The consumer price index is seen rising 0.3% from April after increasing 0.2% the previous month, excluding the volatile food and energy categories. — Bloomberg

NEW YORK: Forecasters say underlying US inflation likely picked up in May, reflecting a modest impact from tariff pass-through for goods that are mostly imported, while some services like airfares saw smaller price gains or outright declines.

The consumer price index (CPI) is seen rising 0.3% from April after increasing 0.2% the previous month, excluding the volatile food and energy categories.