Summary:
May U.S. CPI fell short of expectations, impacted by lower gasoline prices. Higher tariffs will boost inflation, with rising rents and food prices.
US CPI Jun
15/7/2025 (Tue)
Previous: 2.4% Forecast: 2.7%
US consumer prices increased less than expected in May due to cheaper gasoline, but inflation is expected to accelerate in the coming months on the back of the higher tariffs.
The cost of shelter, mostly rents, was the main driver of the rise in the increase. Fruit and vegetable prices also rose, but consumers got some relief from a 2.7% decline in the cost of eggs.
Economists say an uncertain demand environment was likely making some businesses hesitant to raise prices. They expect inflation to heat up starting in June and through the second half of the year.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
TSMC stock price jumps 4% after Q2 earnings beat and raised 2025 revenue forecast, driven by strong demand for AI and advanced chips.
2025-07-18
S&P 500 closes at an all-time high of 6,304.36, fuelled by strong earnings, resilient consumer data, and cautious optimism across global stock markets.
2025-07-18
Oil prices were stable on Friday, following a rise, as worries over reduced Iraqi supply clashed with fears of lower demand from US tariffs.
2025-07-18
