May, wholesale inflation
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By Lisa Baertlein LOS ANGELES (Reuters) -Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May, offering insight into how many shipments were canceled or put on hold after President Donald Trump slapped tariffs of 145% on goods from China.
Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices declined for fourth month
Inflation ticked slightly higher in May, rising 2.4%, in line with expectations, according to the U.S. Consumer Price Index released Wednesday. Prices rose 0.1 percent for the month, according to the Bureau of Labor Statistics. The month-over-month increase is less than expected.
Consumer prices rose 2.4% over the year, and the month-over-month increase was lower than expected.
U.S. producer prices increased less than expected in May, restrained by lower costs for services like air fares.
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According to the bureau, McConnell was last seen in Harrisonville, Mo., on May 14, and driving a grey 2009 Honda Accord to her Overland Park home. Authorities also noted that she may have been near Severy, Kan., on May 15.
U.S. consumer prices rose slightly in May as gasoline prices remained subdued, but inflation is likely to pick up in the months as tariffs boost the cost of imported goods.
U.S. employers added 139,000 jobs in May, and the unemployment rate held steady at 4.2 percent. That’s solid growth, but it comes as companies move to pause hiring over uncertainty around economic growth and the fallout from tariffs.