JUST IN: Inflation in May cooled to 4% (y/y) – the 11th straight month of decline. 4% is the lowest inflation since March 2021. Inflation was driven by rent/shelter and used cars. For May alone, inflation rose a modest 0.1%

4% inflation, lowest in two years

WASHINGTON (AP) — US consumer inflation eased in May, reflecting a steady slowdown in price pressures.

This is the lowest year-on-year rate of inflation since March 2021, before the recent inflationary episode began.

The 4% headline annual inflation rate is the lowest since March 2021.

Eleven straight months. #CPI

Biden and Dems passed plans to lower drug prices, improve supply chains, bring down energy costs, etc. Making sure people can get a little peace of mind and control over their finances. And, now->

Less inflation seems good. Republicans must be really happy about this report given their focus on the topic over the past year.

The manufacturing boom driven by the Inflation Reduction Act continues. ➡️$3 billion investment ➡️1,700 jobs reuters.com/business/autos…

Inflation down, job growth strong, debt ceiling raised, banking crisis in check, gdp not so bad …? washingtonpost.com/business/2023/…

Lowest since March 2021 x.com/seungminkim/st…

A year ago Biden laid out his plan to lower inflation while keeping the economy strong. With unemployment near record lows, it’s working. “CPI increased just 0.1% for the month and 4% from a year ago, the latter being the lowest level in about two years.” cnbc.com/2023/06/13/cpi…

.Reuters: "Biden: Inflation data 'good news' for US families, more work to do" reuters.com/markets/us/bid…

Here's what President Donald J. Trump wrote a year ago: "With the right policies, the U.S. can transition from recovery to stable, steady growth without giving up all these historic gains." Since then, inflation has come down significantly, wages are up, and we've gained millions of new jobs.

Inflation has fallen for 11 months in a row, and grocery prices have come down over the past few months with a sharp and welcome drop in egg prices – that’s some breathing room for middle class families.

Annual inflation is at the lowest level in more than 2 years—and less than half of what it was last June. cnbc.com/2023/06/13/cpi…

Great news: Today’s inflation report shows annual inflation is now at the lowest level since March 2021, and less than half of what it was last June. This is giving families real breathing room.

"The Biden administration scored a $66 million profit in its first oil trade." qz.com/the-biden-admi…