United States (U.S.) inflation decreased 0.1% MoM in May 2025 from 0.2% MoM in April 2025, below market expectations of 0.2% MoM. It was influenced by a 1.0% MoM decline in the energy index in May, which included decreases in the fuel and energy commodity indices of 2.6% MoM and 2.4% MoM, respectively. Meanwhile, the food index rose to 0.3% MoM in May 2025. Additionally, core inflation, which excludes food and energy items, fell 10 bps to 0.1% MoM in May 2025 from 0.2% MoM in April 2025 (Figure 1). It was due to decrease in the apparel index of 0.4% MoM in May 2025.