U.S. Consumer Price Index (CPI) rose a modest 0.1 percent in May, slightly more than analysts expected. Core inflation, excluding food and energy, also ticked up 0.1 percent, maintaining a year-over-year rate of 2.8 percent.
Food-at-home prices saw a 0.3 percent rise for the month, but grocery costs were tempered by significant drops in poultry products. Retail egg prices plunged by 11 percent—their biggest drop in months and the first sustained decline since December. Even so, eggs remain elevated nearly double year‑ago levels.
The retreat in egg prices follows previous spikes driven by avian flu outbreaks and inflation pressures. But with supply easing, egg costs have slid from March’s record highs. Despite this trend, shelter costs and other core services continue to drive inflation, providing a mixed inflation picture for policymakers
