Inflation in the US rose to 2.4 percent in May, according to fresh statistics from the US Labor Department. This can be compared to 2.3 percent in April.
Analysts had on average expected an increase to 2.4 percent.
The underlying inflation, where energy and food prices are excluded, remained unchanged at 2.8 percent. There, analysts had on average expected an increase to 2.9 percent, according to Bloomberg.
American long-term interest rates fell after the statistics, while the dollar lost against other currencies and the terms for the start of trading on Wall Street on Wednesday turned upward.
The market's expectations of a rate cut by the US central bank Federal Reserve (Fed) in September increased to 75 percent, against 60 percent in Tuesday's pricing.
The inflation shows the increase in consumer prices in annual rate.
Consumer prices in May compared to the previous month rose by 0.1 percent, against 0.2 percent in April and expectations of 0.3 percent in May, according to the news agency Bloomberg.
