<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5582b52eeab8ea2b3f99268e-600-450/balloon-flying-away-2.jpg" border="0" alt="balloon flying away"><p class="source"><span><a href="https://www.flickr.com/photos/beglen/151629921/">Flickr/ David, Bergin, Emmett and Elliott</a></span></p></img></div><p></p></div></div>The latest reading on consumer prices from the BLS is set for release at the bottom of the hour. </p><p>Expectations are that prices will rise 0.5% month-on-month in May and rise 0.2% on a "core" basis, which excludes the price of fresh food and gas. </p><p>The expected monthly increase is largely due to an uptick in gas prices. </p><p>Compared to last year, headline inflation is set to rise 0.1% over last year and rise 1.8% on a "core" basis. </p><p>We'll be back with the live numbers when they hit. </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/new-omega-globemaster-watch-unboxing-2015-5">Forget the Apple Watch - here's the new watch everyone on Wall Street wants</a></h3>        <div>            <div>    <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script>    <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5iaDNwdDrYYMm2yipFb14ndbRkPnemqO" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>    <script>    if (typeof RunFunctions === 'undefined') { var RunFunctions = []; }     RunFunctions.push(function()    {         var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '5iaDNwdDrYYMm2yipFb14ndbRkPnemqO',{ autoplay: 'false' });     });    </script>    <noscript><div>Please enable Javascript to watch this video</div></noscript></div>        </div>        <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script>    </div>

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Here comes inflation ...

Flickr/ David, Bergin, Emmett and ElliottThe latest reading on consumer prices from the BLS is set for release at the bottom of the hour. Expectations are that prices will rise 0.5% month-on-month in May and rise 0.2% on a "core" basis, which excludes the price of fresh food and gas. The expected monthly increase is largely due to an uptick in gas prices. Compared to last year, headline inflation is set to rise 0.1% over last year and rise 1.8% on a "core" basis. We'll be back with the live numbers when they hit. NOW WATCH: Forget the Apple Watch - here's the new watch everyone on Wall Street wants if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '5iaDNwdDrYYMm2yipFb14ndbRkPnemqO',{ autoplay: 'false' }); }); Please enable Javascript to watch this video (function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }());

Flickr/ David, Bergin, Emmett and ElliottThe latest reading on consumer prices from the BLS is set for release at the bottom of the hour. Expectations are that prices will rise 0.

Here comes inflation ...

Myles Udland

NOW WATCH: Forget the Apple Watch - here's the new watch everyone on Wall Street wants

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