US Inflation Ebbs in May as Goods Prices Fall

June 28, 2024, 10.03 PM | Source: Reuters
US Inflation Ebbs in May as Goods Prices Fall

ILUSTRASI. Inflasi AS KONTAN/Carolus Agus Waluyo/22/12/2023.

AMERIKA SERIKAT / AS - WASHINGTON. U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year.

The report from the Commerce Department on Friday also showed consumer spending rose marginally last month.

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