The Fed categories are slightly different because they do not separate energy into their own category. Regardless, the top line number at the Fed matches the BLS CPI as expected.

Inflation rose by 0.1% month-over-month (below estimates of 0.2%) and 2.4% year-over-year (in line with estimates) in the month of May, according to the latest Consumer Price Index (CPI) report.

Here's a closer look at the categories driving that headline number, from the Bu U.S. inflation eased to 6.5% in December from a year ago, marking the sixth straight monthly decline since peaking ...

February CPI shows softer-than-expected price rises, easing stagflation concerns. ... Categories such as shelter and insurance remain key line items driving the overall rate of inflation.

A welcome decline — albeit a slight one — came in the category of grocery prices, which fell 0.2% over the month, helping bring the annual rate of inflation there to 7.1%.

Core CPI, which strips out the more volatile categories of energy and food, slowed from 3.8% to 3.6%, its lowest rate since April 2021. From the month before, core CPI ticked up by 0.3%, its ...