CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak

Inflation fell in May to around half last year’s peak but remained elevated, showing Federal Reserve officials made progress in cooling price pressures but could have more work to do. The consumer-price index rose 4% last month from a year earlier, the Labor Department said Tuesday, well below the recent peak of 9.1% last June and down from April’s 4.9% increase.

tips

index：指数的意思

CPI：消费者价格指数

inflate：膨胀（flat- = blow，吹）

inflation：通货膨胀

elevated：高位的，高的

well：远远地