US inflation rises to 4.2 percent in May

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US inflation rises to 4.2 percent in May
Photo: LM Otero /AP/TT

U.S. inflation rose to 4.2 percent in May, in line with analysts' expectations, according to a Bloomberg tally.

The inflation figure, which shows the increase in consumer prices compared to a year ago, compared with 3.8 percent in April.

Core inflation, which excludes energy and food prices, rose to 2.9 percent from 2.8 percent the previous month, also in line with expectations.

A decline on the Stockholm Stock Exchange was somewhat dampened after the figures were released, but market reactions were generally small.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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