US: Annual core-CPI rises to 2.2% in May to match market estimates

"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis after rising 0.2 percent in April," the U.S. 
 Bureau of Labor Statistics said on Tuesday. Below are some key takeaways from the official press release.

• Over the last 12 months, the all items index rose 2.8 percent before seasonal adjustment.
• The index for all items less food and energy rose 0.2 percent in May.
• The index for all items less food and energy rose 2.2 percent for the 12 months ending May.
• The indexes for gasoline and shelter were the largest factors in the seasonally adjusted increase in the all items index, as they were in April.
• The gasoline index increased 1.7 percent, more than offsetting declines in some of the other energy component indexes and led to a 0.9-percent rise in the energy index.