【CNBC】Inflation slows in May, with consumer prices up 3.3% from a year ago

• The consumer price index held flat in May though it increased 3.3% from a year ago. Both numbers were 0.1 percentage point below market expectations.
• Excluding volatile food and energy prices, core CPI increased 0.2% on the month and 3.4% from a year ago, compared with respective estimates of 0.3% and 3.5%.
• Price increases were held in check by a 2% drop in the energy index and just a 0.1% increase in food.

READ MORE