May's Consumer Price Index (CPI) was cooler than expected, unchanged from April's print. Yahoo Finance's Dani Romero, Brooke DiPalma, and Pras Subramanian break down the sectors hit hardest by inflation.

Despite shelter remaining a "sticky component of the inflation picture," economists believe disinflation is underway. Shelter posted a 0.4% monthly gain in May's CPI, making it the fourth consecutive month of gains. Year over year, shelter came in at 5.4%, much lower than March's peak of 8.2%. The shelter index makes up a third of the overall CPI, and economists at Goldman Sachs expect shelter to come in at 4.9% on a yearly basis, signaling an overall cooling.

Overall food inflation in May increased 2.1% year over year, and 0.1% month over month. The cost of dining out has continued to increase, jumping 0.4% from April. Under this pressure, consumers have become increasingly value-focused, looking for deals and choosing to swap out some home staples for generic versions.

On the other hand, the autos sector is seeing some relief as both new and used vehicle prices are down year over year. While auto insurance is up 20.3% year over year, it decreased 0.3% from April, signaling an overall moderation.

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This post was written by Melanie Riehl