(CNBC) Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year earlier.
Consumer prices jump 5% in May, fastest pace since the summer of 2008
This entry was posted in Syndicated. Bookmark the permalink.
