AUGUST 16, 2026 – May CPI came in at 3.4%. The monthly reading was -0.01%. This was the first monthly reading smaller than 0.35%. Last year only two months were above 0.35%. The index is experiencing extreme volatility this year. For now, there really is no sense in trying to forecast the CPI. For the next report, the data expects 3.2% to 3.5%. I don’t think we can rely too much on the data for the remainder of this year.
Shalom,
The Mann