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Consumer Prices in U.S. Increased Less Than Forecast in May

Bloomberg (06/18/13) Lorraine Woellert

The cost of living in the U.S. rose less than forecast in May, restrained by the first decline in food prices in nearly four years and signaling inflation remains under control. The consumer price index rose 0.1% after declining 0.4% in April, according to the U.S. Department of Labor. The median forecast of 82 economists polled by Bloomberg called for a rise of 0.2%. The core index, which excludes volatile food and fuel costs, rose 0.2% as forecasted.