Consumer Price Index: Inflation rose less than expected in May

We have a new read on inflation. The Consumer Price Index is lower than what the markets were expecting.

The Index for May increased by a tenth of a percent, and the markets were expecting a two-tenths of a percent increase. Over the last year, inflation has increased 2.4 percent, which is right in line with expectations.

Increases in shelter costs were the main driver in this month’s report.

Related Stories
The inverted Choice-Select spread is not a strong warning sign in today’s tighter, higher-quality beef market, according to new analysis from Terrain.
National Pork Producers Council President Rob Brenneman joins us to discuss Prop 12 provisions in the House’s Farm Bill as it heads to the Senate for debate.
U.S. Cattlemen’s Association President Justin Tupper joins us to discuss the DOJ packer investigation, industry competition, and the outlook for cattle producers.
Practical changes to retailer stocking standards promote more options all while reducing fraud and abuse in the Supplemental Nutrition Assistance Program
USDA Chief Economist Justin Benavidez says the cattle industry may be nearing a turning point that could gradually reshape supply, prices, and profitability in the years ahead.
Federal officials are signaling a more aggressive push on beef packer concentration, but any direct market impact will depend on what the investigation actually finds.

LATEST STORIES BY THIS AUTHOR:

The September WASDE report comes out on Friday at Noon ET. As always, we’ll bring you those numbers right here on Market Day Report along with our expert
Heritage Cup Begins Sunday, September 14th at 10 AM ET
The Supplemental Nutrition Assistance Program (SNAP) was once again on the national stage, front and center this week before the House Agriculture Committee.
Labor is an ongoing crisis in the ag sector. One industry group outlines three vital reforms to the H-2A visa program that farmers need to secure an affordable, stable workforce.
Experts estimate the flooding from Hurricane Helene caused more than $1.3 billion in damage to Tennessee agriculture.