The U.S. Month at a Glance (May 2005)

A snapshot of the U.S. economy for the last six months.

Document Highlights

• Real GDP increased at an annualized rate of 3.1 per cent in the first quarter.
• Consumer prices increased by 0.6 per cent in March mainly because of a 4 per cent increase in energy prices.
• Households expect higher inflation and fewer job opportunities in the near term.