The consumer price index (CPI) came in at 2.4 percent from a year ago, after a 2.3 percent reading in April, the Department of Labor said, with headline figures pulled down by energy prices.
He also unveiled higher rates on dozens of economies including India and the European Union, although these have been suspended until early July. Trump also engaged in a tit-for-tat tariff escalation with China.
Between April and May, CPI was up 0.1 percent, cooling from the rate in the prior month.
While housing prices climbed alongside food costs, energy prices edged down over the month, the report added.
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