THE ATLANTA FED'S STICKY-PRICE CONSUMER PRICE INDEX (CPI)—A WEIGHTED BASKET OF ITEMS THAT CHANGE PRICE RELATIVELY SLOWLY—ROSE 2.9% (ON AN ANNUALIZED BASIS) IN MAY, FOLLOWING A 4.6% INCREASE IN APRIL.

ON A CORE BASIS (EXCLUDING FOOD AND ENERGY), THE STICKY-PRICE INDEX ROSE 2.9% (ANNUALIZED) IN MAY, AND ITS 12-MONTH PERCENT CHANGE WAS 3.1%. THE FLEXIBLE CUT OF THE CPI—A WEIGHTED BASKET OF ITEMS THAT CHANGE PRICE RELATIVELY FREQUENTLY—INCREASED

Sticky CPI decelerated sharply from 4.6% to 2.9% annualized, signaling easing core inflation pressures.