May 2025 CPI release: index up 0.1% MoM, 2.4% YoY (compared with 0.2% MoM, 2.3% YoY in March)

As compared with April, not March. Apologies for the typo in the headline.

https://www.bls.gov/news.release/cpi.nr0.htm

Consensus forecast was for 0.2% MoM, 2.5% YoY, so actual figures came in on the low side.

Core CPI (all items less food and energy) rose 0.1% MoM, 2.8% YoY (compared with 0.2% MoM, 2.8% YoY in April).

Consensus forecast for core CPI was 0.3% MoM, 2.9% YoY, so actual figures surprised on the low side.

FRED graph of YoY change in headline and core CPI.

FRED graph of MoM change in headline and core CPI.