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https://www.wsj.com/articles/consumer-price-index-report-may-inflation-cafcbef5

CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak

U.S. May consumer prices rose 4.0% from year earlier

By Gwynn Guilford
The Federal Reserve begins its meeting the same day as the most-watched inflation metric is released and ends right before a pivotal U.S. retail sales report. Here are three things to watch out for this week. Photo: Nam Y. Huh

May inflation was around half of last year’s peak but remained far above what Federal Reserve officials would like to see.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.