US CPI was flat at 0.0% mom in May below expectation of 0.2% mom. CPI core (all items less food and energy)rose 0.2% mom, below expectation of 0.3% mom. Food prices rose 0.1% mom, while energy prices fell -2.0% mom.
For the 12-month period, CPI slowed from 3.4% yoy to 3.3% yoy, below expectation of 3.4% yoy. CPI core decelerated from 3.6% yoy to 3.4% yoy, below expectation of 3.5% yoy. Food prices was up 2.1% yoy while energy prices rose 3.7% yoy.
Full US CPI release here.
