Inflation stats

Both headline and core CPI rose as expected in May, up .1% and .4% respectively m/o/m. The y/o/y gains are now 4% and 5.3% for each vs 4.9% and 5.5% in the month prior. Energy prices slowed the headline with its 3.6% m/o/m drop and lower by almost 12% y/o/y. Food prices grew by .2% m/o/m and 6.7% y/o/y. Easy compares are at play here too as May 2022 saw…