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inflation dataCNBC
•90% Informative
Consumer price index declines to a 3.3% annual rate, down from 3.4% in April .
Lower gas prices have eased for gasoline and groceries.
Housing inflation has been stubbornly high, though is falling slowly, economists say.
Federal Reserve officials may see it as evidence they can soon cut interest rates.
The CPI gauges how fast prices are changing across the economy.
Inflation for physical goods spiked as the U.S. economy reopened in 2021 .
Now, "the goods side of the inflation story is pretty much back to normal," Pugliese said.
The services sector is generally more sensitive to inflationary pressures in the labor market like strong wage growth.
VR Score
96
Informative language
98
Neutral language
75
Article tone
formal
Language
English
Language complexity
48
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
3
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