Energy prices drove most of May’s inflation increase (opens in new tab)

Rising energy costs accounted for more than 60% of May’s increase in consumer prices, according to new data released June 10 from the U.S. Bureau of Labor Statistics. Consumer prices rose 0.5% during the month and were 4.2% higher than a year ago. Gasoline prices increased 7% in May alone and were 40.5% higher than […] The post appeared first on .