US inflation information has become clear

US inflation data has been announced, which may give clues about the path to be followed for interest rates. According to US Department of Labor data, consumer prices increased by 3.3 percent in May compared to the same month last year. The market expectation was that the inflation increase rate, which was 3.4 percent in the previous month, would remain the same.

On a monthly basis, consumer prices did not change. Markets were predicting that the increase, which was 0.3 percent in the previous month, would decrease to 0.1 percent.

Core inflation is below expectations

Core inflation, calculated by excluding food and power, came in at 0.2 percent monthly and 3.4 percent annually. Analysts had stated that core inflation would increase by 0.3 percent monthly and 3.5 percent annually.

While power prices in the country decreased by 2.0 percent monthly, they increased by 3.7 percent annually; Food prices increased by 0.1 percent monthly and 2.1 percent annually.

Real average weekly interests increased by 0.4 percent in the same month.