U.S. Consumer Prices Rise in May, Driven by Energy Costs

The U.S. Consumer Price Index increased by 0.5 percent in May, following a 0.6 percent rise in April, bringing the annual inflation rate to 4.2 percent. Energy prices were a primary factor, contributing over 60% of the monthly increase. Despite the figures aligning with expectations, markets saw a slight dip in interest rates and a recovery in stock prices.