Economy

US Annual Inflation Ticks Up to 2.4 Percent, Below Market Estimate

Shelter inflation accounted for much of last month’s increase.
US Annual Inflation Ticks Up to 2.4 Percent, Below Market Estimate
A man shops at a grocery store with an egg shortage in New York City on March 12, 2025. Samira Bouaou/The Epoch Times
Andrew Moran
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The U.S. annual inflation rate ticked up for the first time since January, signaling potential renewed price pressures as President Donald Trump’s sweeping global tariffs begin to work their way through the economy.

According to the Bureau of Labor Statistics, inflation rose to 2.4 percent in May from 2.3 percent in the previous month.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."