Intraday Economic News: May CPI Rises 0.2%; Core CPI Increases 0.3% Jun 11
Standard & Poors, June 2011
Abstract
The U.S. CPI rose 0.2% month over month in May, decelerating from the 0.4% rate in April, though still stronger than the 0.1% pace that consensus had expected. The core CPI, excluding food and fuel, rose 0.3% month over month in May, which was the largest increase since July 2008 and stronger than the 0.2% rate that consensus had expected. On a year-over-year basis, overall CPI is up 3.6% while core inflation is up 1.5% and still within the Fed's implicit 1%-to-2% range. Energy prices were down 1.0% over April though are still up 21.5% over last year. Food prices rose 0.4%, the same as in April and in contrast to the drop seen in the PPI report. Food prices...
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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