Investing.com – Consumer prices in the U.S. rose in line with expectations in May, official data showed on Thursday.
In a report, the Bureau of Labor Statistics said the seasonally adjusted rate of inflation rose to 0.1% in May, following zero growth in April.
The increase was in line with economists’ expectations.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD gaining 0.41% to hit 1.2361.
In a report, the Bureau of Labor Statistics said the seasonally adjusted rate of inflation rose to 0.1% in May, following zero growth in April.
The increase was in line with economists’ expectations.
Following the release of the data, the U.S. dollar was up against the euro, with EUR/USD gaining 0.41% to hit 1.2361.