🇺🇸 US May CPI Surpasses 4% for the First Time in Over 3 Years, Mainly Due to a Strong Rise in Energy Prices

Inflation in the US continued to rise in May, as the CPI hit 4.2% year-over-year, the first time it has exceeded the 4% threshold since April 2023. However, the inflation pressure is mainly driven by a sharp increase in energy prices, while core inflation remains relatively stable.

📈 May CPI Is in Line With Expectations
* CPI rose 4.2% year-over-year.
* CPI increased 0.5% from the previous month.
* Both figures match economists’ forecasts surveyed by Dow Jones.

⚡ Energy Prices Are the Main Catalyst
* The upward momentum in inflation is primarily driven by escalating energy costs.
* This is why the overall CPI surpassed the 4% mark.

📊 Core Inflation Still Kept in Check
* Core CPI (excluding food and energy) rose 2.9% year-over-year.
* Core CPI rose 0.2% from the previous month, lower than the forecast by 0.1 percentage point.
* This suggests that underlying inflationary pressures have not increased as strongly as overall CPI.

=> $BTC a mild rebound.