CUNA economics: ‘Encouraging’ May CPI report

CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s  May Consumer Price Index (CPI) Report:

“The headline CPI increased 4% over the last twelve months in May, down from 4.9% in April. This is the largest decline in one month since prices started to come down from their peak. The decrease in energy prices contributed the most to this decline.

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