(Bureau of Labor Statistics) US consumer prices increased by a monthly 1.0% in May, accelerating from a gain of 0.3% in April.
The energy index surged by a monthly 3.9% in May after declining in April, while the gasoline index saw a 4.1% jump. The food index increased by 1.2%, with the food at home index up 1.4%.
Less food and energy, the consumer index was up by 0.6% in May, a similar increase as April.
Over the 12 months ending May, consumer prices surged by 8.6%, its largest annual increase since the comparable period ending December 1981.
Less food and energy, the consumer price index rose by 6.0% over the past 12 months. The energy index was up 34.6%, while the food index saw a 10.1% gain.
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