Today, June 13, the US Labor Department announced that US inflation rate decreased from 4.9 percent to 4 percent on a year-on-year basis.
This marks the lowest inflation rate in two years. Additionally, on a month-on-month basis, the consumer price index data showed a reduction from 0.4 percent to 0.1 percent, according to the Labor Department.
On a month-on-month basis, the consumer price index data reduced from 0.4 per cent to 0.1 per cent, the Labor Department said.
U.S CPI (MOM) (MAY) ACTUAL: 0.1% VS 0.4% PREVIOUS; EST 0.1%
U.S CPI (YOY) (MAY) ACTUAL: 4.0% VS 4.9% PREVIOUS; EST 4.1%
U.S CORE CPI (MOM) (MAY) ACTUAL: 0.4% VS 0.4% PREVIOUS; EST 0.4%
U.S CORE CPI (YOY) (MAY) ACTUAL: 5.3% VS 5.5% PREVIOUS; EST 5.2%
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