The New York City skyline in the United States

United States Inflation May 2022

United States: Inflation comes in at highest level since 1981 in May

Consumer prices rose a seasonally-adjusted 0.97% over the previous month in May, up from April’s 0.33% rise. Looking at the details of the release, prices for transportation rebounded in May amid record-high gasoline prices. The changes in the prices of food and housing were largely steady in May at already-elevated levels.

Inflation came in at 8.6% in May, which was up from April’s 8.3%. May’s reading represented the highest inflation rate since December 1981. Meanwhile, the trend pointed up, with annual average inflation coming in at 6.9% in May (April: 6.6%). Finally, core inflation edged down to 6.0% in May, from April’s 6.1%.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest