by John Carney
Breitbart.com
America got some good news on inflation on Wednesday, possibly opening the door for lower interest rates this year.
The Consumer Price Index climbed 3.3 percent in May from a year earlier, down from 3.4 percent in April, the Labor Department reported.
The “core” index—which excludes volatile food and energy prices to provide a clearer view of the underlying trend—rose 3.4 percent last month, down from 3.6 percent the previous month. That is the lowest annual increase in core prices since April 2021.
Compared to the prior month, the broad measure of consumer prices was unchanged. Core prices increased by 0.2 percent.