Business
Economy
Shelter inflation accounted for much of last month’s increase.
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A man shops at a grocery store with an egg shortage in New York City on March 12, 2025. Samira Bouaou/The Epoch Times
By Andrew Moran
Updated:
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The U.S. annual inflation rate ticked up for the first time since January, signaling potential renewed price pressures as President Donald Trump’s sweeping global tariffs begin to work their way through the economy.
According to the Bureau of Labor Statistics, inflation rose to 2.4 percent in May from 2.3 percent in the previous month.
