Inflation Up in May 2025: Check for Unclaimed Money That Could Be Yours

Gas prices offer short-term relief, but tariffs and housing costs threaten summer spending, and you could be leaving money unclaimed

The latest Consumer Price Index (CPI) report from the Bureau of Labor Statistics (BLS) shows inflation rising slightly in May 2025, up 2.4% year-over-year.

That’s lower than the 2.5% forecasted and even a notch below April’s 2.3% figure, offering some relief amid a volatile global economy.

However, with tariffs expanding under the Trump administration and housing costs staying elevated, economists warn that consumers shouldn’t get too comfortable.

Inflation Breakdown: Gas Prices Down, Groceries Still Up

Here’s what’s happening across major categories:

• Gasoline: Down 12% from May 2024, giving consumers a break at the pump

• Airfare: Down 7.3% year-over-year

• Clothing: Down 0.9%

• Groceries: Up, particularly for beef and coffee

• Housing: Still one of the biggest drivers of core inflation

Core inflation (excluding food and energy) rose 2.8%, slightly below expectations.

While better than previous years, inflation still sits above the Fed’s 2% target.

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What Comes Next? Tariffs and Rate Hike Pressure

So far, tariffs haven’t dramatically raised prices—but that could change soon.

Retail giants like Walmart are already preparing to pass costs along to consumers, especially if the trade war intensifies this summer.

The Federal Reserve, which meets again on June 18, is likely to hold interest rates steady until inflation shows more consistent signs of cooling.

How to Cope: Don’t Leave Unclaimed Assets on the Table

With inflation still eroding purchasing power, now is a smart time to check if you’re owed unclaimed money.

Billions in forgotten funds—from tax refunds to closed bank accounts- sit waiting for rightful owners.

Here’s where to start:

• National database: MissingMoney.com

• IRS tax refunds: irs.gov/refunds

• State treasurer offices: Search your state's unclaimed property program

• VA life insurance or benefits: insurance.va.gov

Many Americans are surprised to find that they owe $50 to $2,000 or more, which can help offset rising costs.
 

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Final Thoughts

Inflation may have cooled slightly in May, but future increases, especially due to tariffs, could hit consumer goods hard.

Meanwhile, simple steps like claiming lost money can provide some personal inflation relief.

Check your eligibility and reclaim what’s yours. Every dollar helps when prices continue to rise.

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