Cpi Forecast May 2024. If may’s core monthly cpi inflation is at 0.3%, that could keep the fomc on course for at least one interest rate cut in 2024. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from.
Forecasters expect an inflation report on wednesday to show may was a tame month for consumer price increases. The annual inflation rate in the us is expected to fall for a third straight month to 3.1% in june 2024, the lowest since january, compared to 3.3% in may.