Inflation Rose Slightly in May

The consumer price index ticked up 0.1% in May, after a 0.2% increase in April (Bureau of Labor Statistics).

Over the past 12 months, the index rose 2.4% before seasonal adjustment. For the year ending in April, the index had increased 2.3%.

The details: A rise in shelter prices, up 0.3%, was the primary cause behind May’s increase, according to BLS.

The food index also rose 0.3%, while the energy index fell 1% due to a decline in gas prices.

Without food and energy prices, the index rose only 0.1% in May, following a 0.2% uptick in April.

The goods: Prices for medical care, motor vehicle insurance, household furnishings and operations, personal care and education increased over the month.

Prices for airline fares, used cars and trucks, new vehicles and apparel were among those that decreased last month.