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.
