Breaking: Consumer Price Surge Breaks 13-Year Record as Inflation Threat Looms

U.S. consumer prices surged in May at the fastest annual rate since August 2008, the Labor Department announced on Thursday.

The consumer price index in May increased 5 percent year over year, higher than the 4.7 percent increase that was expected.

Prices saw a 0.6 percent increase month over month, also above the 0.4 percent increase that analysts surveyed by Refinitiv had predicted.

The annual data has a “base effects” skew caused by the drop in prices that occurred at the beginning of the coronavirus pandemic.

THIS BREAKING NEWS ITEM IS PRESENTED BY

81174-FreedomLogo-150x65.png

Breaking-News2.png
hero news image

Consumer Price Surge Breaks 13-Year Record as Inflation Threat Looms

The consumer price index in May increased 5 percent year over ... READ MORE

ADVERTISEMENT

A profound book on the idea of freedom

81174-Freedom-570x320B.jpg

From Sebastian Junger, the New York Times bestselling author of War and Tribe, comes a rumination on two American ideals: community and freedom. We value individuality and self-reliance, yet are dependent on community for our most basic needs. Junger examines that tension and what it means to be human.

Learn More

national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.

Commentaires

Posts les plus consultés de ce blog

Chris Ramsey can take the heat, but what would relegation for QPR mean for black managers in the Premier League?

How a team of innovators overcame the odds to create water from thin air

Britain's health service uses long Twitter thread to explain why it needs more black people to donate blood