Inflation rose less than expected in May, a month when the effects of higher tariffs were starting to become more widespread.

The consumer price index, a broad-based measure of goods and services across the sprawling U.S. economy, increased 0.1% for the month, putting the annual inflation rate at 2.4%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 2.4%.

Prices were up 2.4% in May compared with a year ago, up from a rate of 2.3% in April, the latest official inflation figures showed. Housing and grocery prices continued to rise, but those increases were offset by declines in other areas,