The median estimate (year-over-year, not seasonally adjusted) for the consumer price index (CPI) for the month of May 2024 is 3.4%. If 3.4% is the actual year-over-year increase in the CPI, it will match the number from the prior month. Last month (April 2024), the consumer price index increased by 3.4% (year-over-year, not seasonally adjusted), compared to the median estimate of 3.4%. Over the past 12 months, the increase in the CPI has surpassed the median estimate in 6 months, matched the median estimate in 2 months, and fallen short of the median estimate in 4 months. Over the past 5 years (60 months), the ... (full story)