Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • WDBO

    Consumer prices climb 5% in May, the largest 12-month increase since 2008

    By Catherine Thorbecke, ABC News,

    2021-06-10
    https://img.particlenews.com/image.php?url=0sJIxn_0aQADVM300

    WASHINGTON — U.S. consumer prices are continuing to climb sharply, according to data from the Department of Labor on Thursday.

    The Consumer Price Index, which measures what consumers pay for everyday goods and services and is often looked at as an inflation barometer, jumped 5% over the last 12 months -- the largest 12-month increase since August 2008.

    The index increased by 0.6% in May alone after climbing 0.8% in April. The latest data comes amid mounting inflation fears from economists.

    Copyright © 2021, ABC Audio. All rights reserved.

    Expand All
    Comments /
    Add a Comment
    YOU MAY ALSO LIKE
    Local News newsLocal News
    Total Apex Sports & Entertainment7 hours ago

    Comments / 0