Key facts
- US Core CPI for May was 2.5%.
- US Core CPI exceeded the forecast of 2.4%.
- US Core CPI accelerated from the previous reading of 2.2%.
- Eurozone core inflation (excluding energy and food) for May was 0.3%.
- Eurozone CPI for May was 3.2%.
Consumer Price Index (CPI) and Harmonised Index of Consumer Prices (HICP) data are key indicators of inflation. Higher-than-expected readings can signal inflationary pressures, potentially influencing central bank policy and market sentiment. The May US CPI reading showed a slight increase in the index but a decrease in the monthly rate, while Eurozone core inflation excluding energy and food saw a notable decrease.