US inflation edges up in May to 2.4% as Trump tariffs flow through economy
- Posted on June 11, 2025
- By Business News Today
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US inflation edges up in May to 2.4% as Trump tariffs flow through economy
U.S. inflation saw a slight increase in May, with consumer prices rising 2.4% year-over-year, driven by higher food costs. Core prices, excluding food and energy, remained stubbornly high at 2.8% for the third consecutive month, exceeding the Federal Reserve's 2% target.
