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
Farmers still earn only a small share of consumer food spending, even as post-farm costs continue to take most of the dollar.
Kansas Congressman Derek Schmidt joins us to discuss House passage of the Farm Bill, its potential impact on farm profitability and stability, key policy compromises, and the outlook for Senate consideration.
A more independent UAE could add long-term pressure and volatility to energy markets, affecting fuel and fertilizer costs.
Food inflation is still building in 2026, with beef leading pressure while eggs and dairy offer some relief.
Fuel costs are shaping food and demand patterns.
A prolonged Iran ceasefire offers limited relief as fertilizer concerns persist, prompting U.S. policy shifts and driving farmers to reconsider crop acreage.

LATEST STORIES BY THIS AUTHOR:

USDA flash corn sales, Cattle on Feed and Inventory reports, and beef packer antitrust concerns dominate January agricultural market news.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
Food prices increased in December, but not as much as expected, according to the latest Consumer Price Index from the U.S. Bureau of Labor and Statistics.
Lewis Williamson with HTS Commodities joined us to provide analysis on the January WASDE report and expectations for grain markets going forward.
Market reaction was bearish for corn and soybeans, with analysts noting that abundant supplies amid tepid demand could keep price pressure on agricultural commodities.
The Farm Bureau’s honor highlights the important role farm dogs play on operations across the country, serving as dependable workers and trusted companions.