Keckley Report June 16, 2025
Last Wednesday, the Bureau of Labor Statistics issued its Consumer Price Index Report for May, 2025:“The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% on a seasonally adjusted basis in May, after rising 0.2% in April. Over the last 12 months, the all-items index increased 2.4% before seasonal adjustment.”
The CPI is closely watched by economists and elected officials who monitor consumer spending as a key indicator of inflation. It’s been around since 1913 with its baseline set at 100 in 1982.
In the May report, price increases settled at a more predictable level: concerns about the impact of tariffs seem abated somewhat and consumer sentiment about the economy showed slight improvement: the University of Michigan Index of...
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