US CPI slowed to 0.1% yoy in May, core CPI down to 1.2% yoy

US CPI dropped -0.1% mom in May, below expectation of 0.0% mom. Core CPI also dropped -0.1% mom, below expectation of 0.0% mom. Annually, headline CPI slowed to 0.1% yoy, down from 0.3% yoy, missed expectation of 0.2% yoy. Core CPI slowed to 1.2% yoy, down from 1.4% yoy, missed expectation of 1.3% yoy.

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