Consumer prices increased 5% for the year ending May, according to a report released on Thursday by the Department of Labor.
The increased numbers from the consumer price index mark the largest 12-month increase since a 5.4% increase for the period ending August 2008. The numbers were also higher than what forecasters had estimated, which will likely bolster the fears that inflation might be getting out of hand.
Consumer prices increased 5% for the year ending May, according to a report released on Thursday by the Department of Labor. The increased numbers from the consumer price index mark the largest 12-month increase since a 5.4% increase for the period ending August 2008. The numbers were also...
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