The Consumer Price Index (CPI) for All Urban Consumers, excluding food and energy, is a key indicator of inflation in the United States. Published monthly by the Bureau of Labor Statistics, this data is closely monitored by economists and policymakers. Recent data from May 2024 shows a moderate rise in inflation, with the Core PCE Price Index meeting market expectations. This indicator is crucial for the Federal Reserve's interest rate decisions, as it reflects the overall pace of price increases in the economy.