US consumer prices rise at fastest rate since 2008
Compared with the same month a year ago, the CPI jumped 5%, the largest annual gain since August 2008
10 June 2021 - 16:30
Prices paid by US consumers rose in May by more than forecast, extending a months-long build-up in inflation that risks becoming more established as the economy strengthens.
The consumer price index climbed 0.6% from the prior month after a 0.8% jump in April that was the largest since 2009. Excluding the volatile food and energy components, the so-called core CPI rose by a larger-than-forecast 0.7%, according to labor department data on Thursday...
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