May CPI Unchanged, Energy Prices Drop; Core CPI Falls to 3-Year Low In May, the headline Consumer Price Index (CPI) showed no change month-over-month (MoM), marking the smallest shift since July 2022 and slightly below the anticipated +0.1% MoM increase. On a year-over-year (YoY) basis, headline CPI rose by 3.3%, just under the expected 3.4%,...