Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. consumer price index fell for the third straight month in May with a gauge of the index that removes volatile food and energy prices also negative for a third month in a row.

Why it matters: The reports fan worries that the coronavirus pandemic could spark deflation, further eroding U.S. growth.

  • It was the first time in the history of the series, which dates back to the 1950s, that the CPI has declined for three straight months.
  • April marked the lowest that the core CPI has ever fallen, touching -0.4%.
  • May's CPI also showed the smallest year-over-year increase since 2011, at 1.2%, and followed another historically small increase in April.

Watch this space: May's CPI was the latest government report to come with a warning. The Labor Department said it was hampered by the coronavirus pandemic, as in-store data collection has been suspended since March 16.

  • The department added that data collection last month was also impacted “by the temporary closing or limited operations of certain types of establishments,” leading to “an increase in the number of prices being considered temporarily unavailable and imputed.”
  • BLS said the same thing in its CPI report last month and noted a “misclassification error” in its highly followed jobs report released last

Go deeper: Why the Fed wants higher inflation

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 12,772,755 — Total deaths: 566,036 — Total recoveries — 7,030,749Map.
  2. U.S.: Total confirmed cases as of 12 p.m. ET: 3,269,531 — Total deaths: 134,898 — Total recoveries: 995,576 — Total tested: 39,553,395Map.
  3. Politics: Trump wears face mask in public for first time.
  4. States: Florida smashes single-day record for new coronavirus cases with over 15,000.
  5. Public health: Trump's coronavirus testing czar says lockdowns in hotspots "should be on the table" — We're losing the war on the coronavirus.
  6. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."
2 hours ago - Health

Florida smashes single-day record for new coronavirus cases

Data: Covid Tracking Project; Chart: Axios Visuals

Florida reported 15,299 confirmed coronavirus cases on Sunday — a new single-day record for any state, according to its health department.

The big picture: The figure shatters both Florida's previous record of 11,458 new cases and the single-state record of 11,694 set by California last week, according to AP. It also surpasses New York's daily peak of 11,571 new cases in April, and comes just a day after Disney World reopened in Orlando.

Pelosi: Trump is "messing with the health of our children" with push to open schools

House Speaker Nancy Pelosi said on CNN's "State of the Union" Sunday that Education Secretary Betsy DeVos' aggressive push to fully reopen schools this fall is "malfeasance and dereliction of duty," accusing the Trump administration of "messing with the health of our children."

Why it matters: Trump has demanded that schools reopen as part of his efforts to juice the economy by allowing parents to return to work, despite caution from health officials that little is known about how the virus impacts children.