Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.

Wholesale U.S. inflation measured by the PPI inched up 0.1% in May, according to a Thursday report from the Bureau of Labor Statistics.

May's CPI inflation data was uneventful. Check out if underlying trends could signal a shift toward higher inflation or not.

The inflation rate is inching higher, with Wall Street expecting tariffs to increase prices throughout the remainder of 2025.

Here are the key points to know from this morning's consumer-price index for May: Year-over-year inflation picked up slightly, as expected, to 2.4%. For April, the [reading was 2.3%](

The British public's expectations for inflation over the medium term remained at their highest in several years although short-term expectations fell, according to a Bank of England survey on Friday ahead of its interest rates decision next week.

U.S. inflation picked up a bit last month as higher prices for groceries and some imported goods were largely offset by cheaper gas, travel services, and rents.

PFIX can act as an interest rate hedge as inflationary expectations rise. Read more on why I am recommending PFIX with a Hold rating.

The British public's expectations for inflation in the coming 12 months cooled in May, according to a Bank of England survey on Friday ahead of its interest rates decision next week.