Winning: May Inflation Numbers Are In

By Susie Moore | 10:15 AM on June 11, 2025

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President Donald Trump can rightly call this "Winning Wednesday," as, in addition to the positive news regarding a trade deal struck with China, the May inflation numbers are out, and they're — drum roll — "lower than expected."

Consumer prices rose less than expected in May as President Donald Trump’s tariffs had yet to show significant impact on inflation, the Bureau of Labor Statistics reported Wednesday.
The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.

So...CPI was only half of what was expected. The Dow, thus far, is responding positively to the news.

Break Out the Dem Crying Towels: Check the Latest Great Economic Numbers

Here are some additional details:

Excluding food and energy, the core CPI came in respectively at 0.1% and 2.8%, compared with forecasts for 0.3% and 2.9%. Federal Reserve officials consider core a better measure of long-term trends, with several expressing concerns recently over the impact that tariffs would have on inflation.
The all-items annual rate marked a 0.1 percentage point step up from April while core was the same.

Vice President JD Vance weighed in on the news on X, with a pointed message to the Fed:

The president has been saying this for a while, but it's even more clear: the refusal by the Fed to cut rates is monetary malpractice. https://t.co/HqUjWxwcHs
— JD Vance (@JDVance) June 11, 2025