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US core CPI above forecast; Eurozone core inflation slows

Created at 2 Jun · 9:06 AM12 sources↑ Market-relevant6 events
IN SHORT

US Core CPI for May rose to 2.5%, exceeding the forecast of 2.4% and accelerating from 2.2%. Meanwhile, Eurozone core inflation, excluding energy and food, slowed to 0.3% in May, with overall Eurozone CPI at 3.2%. These figures are key indicators for central bank policy.

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Key Numbers

2.5%US Core CPI (May, month-over-month)
2.4%US Core CPI forecast (May)
2.2%US Core CPI previous (month-over-month)
0.3%Eurozone HICP ex Energy & Food (May)
3.2%Eurozone CPI (May)
0.1%US CPI monthly rate (May)

Who's Involved

Federal Reserve
Monitors US CPI data for monetary policy decisions
European Central Bank
Monitors Eurozone HICP data for monetary policy decisions

↳ Why This Matters

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.

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.

Frequently asked questions

CPI NSA stands for Consumer Price Index, Not Seasonally Adjusted. This means the raw data is presented without adjustments for seasonal variations.

CPI data is a primary measure of inflation. Central banks closely monitor it to guide monetary policy decisions, such as interest rate adjustments.

The May US CPI reading of 103.15 indicates a slight increase in prices compared to the previous period, while the monthly rate shows a decrease. The Eurozone CPI for May was 3.2%, matching forecasts, and core inflation excluding energy and food saw a notable decrease.

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How It Developed

2 Jun · 9:57 AM
The article provides the actual US Core CPI NSA figure for May, which is 103.15, slightly above the previous 103.04.
@PiQNewswire via PiQSuite
2 Jun · 9:03 AM
New article reports May Eurozone HICP ex energy/food decreased to 0.3% from 0.8%.
Economic And Earnings Data via PiQSuite
2 Jun · 9:03 AM
New article reports May Core CPI at 2.5%, surpassing the 2.4% forecast and a notable increase from the previous 2.2%.
Economic And Earnings Data via PiQSuite
2 Jun · 9:03 AM
Eurozone core inflation rose to 2.3% in May, up from 2.1% previously.
Economic And Earnings Data via PiQSuite
2 Jun · 9:03 AM
The article reports the May CPI actual rate of 0.1%, a decrease from the previous 1%.
Economic And Earnings Data via PiQSuite
2 Jun · 9:03 AM
The Consumer Price Index (CPI) in May was 103.15, a slight increase from the previous month's 103.04.
Economic And Earnings Data via PiQSuite

Sources

T1
CPI, n.s.a (May) $EUR Actual: 103.15 Previous: 103.04m.piqsuite.com
T1
CPI (May) $EUR Actual: 0.1% Previous: 1%m.piqsuite.com
T1
HICP ex Energy & Food (May) $EUR Actual: 2.3% Previous: 2.1%m.piqsuite.com
T1
Core CPI (May) $EUR Actual: 2.5% 🟢 Forecast: 2.4% Previous: 2.2%m.piqsuite.com
T1
HICP ex Energy and Food (May) $EUR Actual: 0.3% Previous: 0.8%m.piqsuite.com
T1
Core CPI (May) $EUR Actual: 0.3% Previous: 0.9%m.piqsuite.com
T1
CPI (May) $EUR Actual: 3.2% Forecast: 3.2% Previous: 3%m.piqsuite.com
T1
💡 Core CPI (May) $EUR Actual: 0.3% Previous: 0.9%@PiQNewswire via PiQSuite
T1
💡 HICP ex Energy and Food (May) $EUR Actual: 0.3% Previous: 0.8%@PiQNewswire via PiQSuite
T1
💡 CPI (May) $EUR Actual: 0.1% Previous: 1%@PiQNewswire via PiQSuite
T1
💡 Core CPI (May) $EUR Actual: 2.5% 🟢 Forecast: 2.4% Previous: 2.2%@PiQNewswire via PiQSuite
T1
💡 CPI, n.s.a (May) $EUR Actual: 103.15 Previous: 103.04@PiQNewswire via PiQSuite

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