BUSINESSCBS NEWS
Why consumer prices jumped in May
U.S. consumers faced higher prices in May, with inflation reaching its highest level in over three years. The Bureau of Labor Statistics reported a 4.2% annual increase in consumer prices.
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Adjacent reporting
- Consumer prices rose 3.8% annually in April, the highest since May 2023
- UK Inflation Rose to 3.3% in March
- CPI surged in April as inflation soars to highest level in almost 3 years
- Consumer prices rose 4.2% annually in May, highest in three years
- French Inflation Was Faster Than Initially Thought in March